Definition of false economy in English:
An apparent financial saving that in fact leads to greater expenditure: do not skimp on batteries, it is a false economy tools are expensive, but it is often a false economy to go for the cheapest
More example sentences
- This aspect of figuring the cost of activities guards against false economies, where a savings in one area may be outweighed by an expense elsewhere.
- Public services are improving but looking for simple savings through job cuts at this stage could be a false economy.
- She said keeping the beds closed was a false economy because more money was spent sending patients to other hospitals.
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