Careful use of material resources

• thriftiness

  1. The property of being thrifty.

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  1. The property of being thrifty.

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• thrift

  1. Vigorous growth of living things, such as plants.
  2. (Uncountable) The characteristic of using a minimum of something (especially money).
  3. (Countable, US) A savings bank.

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  1. Vigorous growth of living things, such as plants.
  2. (Uncountable) The characteristic of using a minimum of something (especially money).
  3. (Countable, US) A savings bank.

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• prudence

  1. The quality or fact of being prudent
  2. A female given name, one of the Puritan virtue names.
  3. The quality or state of being prudent; wisdom in the way of caution and provision; discretion; carefulness; hence, also, economy; frugality.

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  1. The quality or fact of being prudent
  2. A female given name, one of the Puritan virtue names.
  3. The quality or state of being prudent; wisdom in the way of caution and provision; discretion; carefulness; hence, also, economy; frugality.

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• providence

  1. The care or benevolent guidance of God or nature
  2. (Person, proper, epithet) God, as the guiding power of the universe
  3. Skill or wisdom in management; prudence

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  1. The care or benevolent guidance of God or nature
  2. (Person, proper, epithet) God, as the guiding power of the universe
  3. Skill or wisdom in management; prudence

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• frugality

  1. A sparing use; sparingness.
  2. The quality of being frugal; prudent economy; thrift.

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  1. A sparing use; sparingness.
  2. The quality of being frugal; prudent economy; thrift.

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A system of producing, distributing, and consuming wealth

• prosperity

  1. The condition of being prosperous.
  2. Prosperous condition; good fortune, wealth, success, etc.

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  1. The condition of being prosperous.
  2. Prosperous condition; good fortune, wealth, success, etc.

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• earnings

  1. (Finance) business profits
  2. Money made by an investment or an enterprise; profits
  3. Wages, salary, or other recompense earned by working

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  1. (Finance) business profits
  2. Money made by an investment or an enterprise; profits
  3. Wages, salary, or other recompense earned by working

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• financial resources

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• per-capita income

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• consumer price index

  1. (Economics) A statistical estimate of the level of prices of goods and services bought for consumption purposes by households.
  2. An index of prices used to measure the change in the cost of basic goods and services in comparison with a fixed base period.

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  1. (Economics) A statistical estimate of the level of prices of goods and services bought for consumption purposes by households.
  2. An index of prices used to measure the change in the cost of basic goods and services in comparison with a fixed base period.

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• cost-of-living

  1. The cost of basic necessities as defined by an accepted standard.
  2. The average cost of a standard set of basic necessities of life, especially of food, shelter and clothing

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  1. The cost of basic necessities as defined by an accepted standard.
  2. The average cost of a standard set of basic necessities of life, especially of food, shelter and clothing

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• standard of living

  1. A relative measure of the quality of life a person or group has.
  2. A level of material comfort as measured by the goods, services, and luxuries available to an individual, group, or nation.

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  1. A relative measure of the quality of life a person or group has.
  2. A level of material comfort as measured by the goods, services, and luxuries available to an individual, group, or nation.

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• gnp

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• gross national product

  1. The total value of a nation's annual output of goods and services: it includes the foreign output of domestic firms and excludes the domestic output of foreign firms
  2. The total market value of all the goods and services produced by a nation during a specified period.

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  1. The total value of a nation's annual output of goods and services: it includes the foreign output of domestic firms and excludes the domestic output of foreign firms
  2. The total market value of all the goods and services produced by a nation during a specified period.

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• market

  1. A public gathering held for buying and selling goods or services:
  2. A system of exchange in which prices are determined by the interaction of multiple, competing buyers and sellers:
  3. (Short for) stock market

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  1. A public gathering held for buying and selling goods or services:
  2. A system of exchange in which prices are determined by the interaction of multiple, competing buyers and sellers:
  3. (Short for) stock market

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• marketplace

  1. (By extension) The world of commerce and trade.
  2. An open area or square in a town where a public market or sale is set up.
  3. The space, actual or metaphorical, in which a market operates.

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  1. (By extension) The world of commerce and trade.
  2. An open area or square in a town where a public market or sale is set up.
  3. The space, actual or metaphorical, in which a market operates.

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• economic system

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Thrifty administration

• cheeseparing

  1. Anything as worthless as a paring of cheese rind
  2. Miserly handling of money or finances

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  1. Anything as worthless as a paring of cheese rind
  2. Miserly handling of money or finances

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• scrimping

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• miserliness

  1. The property of being miserly.

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  1. The property of being miserly.

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• restraint

  1. A device or other means of limiting movement, used to prevent the infliction of harm to self or others.
  2. (Uncountable) control or caution; reserve
  3. A device or other means of restraining movement:

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  1. A device or other means of limiting movement, used to prevent the infliction of harm to self or others.
  2. (Uncountable) control or caution; reserve
  3. A device or other means of restraining movement:

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• parsimony

  1. A tendency to be over-careful in spending; unreasonable economy; stinginess
  2. Unusual or excessive frugality; extreme economy or stinginess.
  3. Adoption of the simplest assumption in the formulation of a theory or in the interpretation of data, especially in accordance with the rule of Ockham's razor.

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  1. A tendency to be over-careful in spending; unreasonable economy; stinginess
  2. Unusual or excessive frugality; extreme economy or stinginess.
  3. Adoption of the simplest assumption in the formulation of a theory or in the interpretation of data, especially in accordance with the rule of Ockham's razor.

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• providence

  1. A looking to, or preparation for, the future; provision
  2. Skill or wisdom in management; prudence
  3. Care or preparation in advance; foresight.

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  1. A looking to, or preparation for, the future; provision
  2. Skill or wisdom in management; prudence
  3. Care or preparation in advance; foresight.

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• care

  1. Watchful oversight; charge or supervision:
  2. Attentive assistance or treatment to those in need:
  3. Upkeep; maintenance:

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  1. Watchful oversight; charge or supervision:
  2. Attentive assistance or treatment to those in need:
  3. Upkeep; maintenance:

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• husbandry

  1. The application of scientific principles to agriculture, especially to animal breeding.
  2. Careful management or conservation of resources; economy.
  3. Careful, thrifty management; thrift; frugality

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  1. The application of scientific principles to agriculture, especially to animal breeding.
  2. Careful management or conservation of resources; economy.
  3. Careful, thrifty management; thrift; frugality

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• frugality

  1. The quality of being frugal; prudent economy; thrift.
  2. A sparing use; sparingness.

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  1. The quality of being frugal; prudent economy; thrift.
  2. A sparing use; sparingness.

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• stinginess

  1. A lack of generosity.

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  1. A lack of generosity.

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• economizing

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• saving

  1. (--- Usage Problem) An amount of money saved:
  2. Money saved:
  3. Any reduction in expense, time, labor, etc.

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  1. (--- Usage Problem) An amount of money saved:
  2. Money saved:
  3. Any reduction in expense, time, labor, etc.

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• political-economy

  1. The early science of economics through the 1800s.
  2. (Former) economics
  3. The social science that deals with political science and economics as a unified subject; the study of the interrelationships between political and economic processes.

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  1. The early science of economics through the 1800s.
  2. (Former) economics
  3. The social science that deals with political science and economics as a unified subject; the study of the interrelationships between political and economic processes.

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• prudent use of resources

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• conservation

  1. The maintenance of a physical quantity, such as energy or mass, during a physical or chemical change.
  2. A wise use of natural resources.
  3. The official care, protection, or management of natural resources

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  1. The maintenance of a physical quantity, such as energy or mass, during a physical or chemical change.
  2. A wise use of natural resources.
  3. The official care, protection, or management of natural resources

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• regulation of finances

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• prudence

  1. A female given name, one of the Puritan virtue names.
  2. Careful management; economy
  3. The quality or state of being prudent; wisdom in the way of caution and provision; discretion; carefulness; hence, also, economy; frugality.

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  1. A female given name, one of the Puritan virtue names.
  2. Careful management; economy
  3. The quality or state of being prudent; wisdom in the way of caution and provision; discretion; carefulness; hence, also, economy; frugality.

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• caution

  1. Close attention or vigilance to minimize risk:
  2. A warning or admonishment, especially to take heed:
  3. Careful forethought to avoid danger or harm.

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  1. Close attention or vigilance to minimize risk:
  2. A warning or admonishment, especially to take heed:
  3. Careful forethought to avoid danger or harm.

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• austerity

  1. The quality or condition of being austere
  2. An austere act, habit, practice, or manner
  3. An austere habit or practice.

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  1. The quality or condition of being austere
  2. An austere act, habit, practice, or manner
  3. An austere habit or practice.

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• retrenchment

  1. A rampart or breastwork within the main fortification
  2. A cutting down or back; reduction.
  3. A retrenching; esp., a reduction of expenses

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  1. A rampart or breastwork within the main fortification
  2. A cutting down or back; reduction.
  3. A retrenching; esp., a reduction of expenses

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• thrift

  1. (Uncountable) The characteristic of using a minimum of something (especially money).
  2. (Brit., Dial.) A means of thriving; work; labor
  3. (Countable, US) A savings bank.

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  1. (Uncountable) The characteristic of using a minimum of something (especially money).
  2. (Brit., Dial.) A means of thriving; work; labor
  3. (Countable, US) A savings bank.

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• thriftiness

  1. The property of being thrifty.

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  1. The property of being thrifty.

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An example of economy, sense 2

• lowered contract price; belt-tightening

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• lowered materials cost

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• excursion fare

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• good fuel consumption

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• good gas mileage

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• moratorium

  1. Any authorized delay or stopping of some specified activity
  2. (Law) A lawful suspension of the payment of certain debts during a period of financial or civil distress.
  3. A legal authorization, usually by a law passed in an emergency, to delay payment of money due, as by a bank or debtor nation

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  1. Any authorized delay or stopping of some specified activity
  2. (Law) A lawful suspension of the payment of certain debts during a period of financial or civil distress.
  3. A legal authorization, usually by a law passed in an emergency, to delay payment of money due, as by a bank or debtor nation

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• economies of scale

  1. Circumstances, conditions, etc. which encourage mass production of a commodity by lowering its unit cost as greater quantities are produced
  2. (Economics, plural only): The characteristics of a production process in which an increase in the scale of the firm causes a decrease in the long run average cost of each unit.

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  1. Circumstances, conditions, etc. which encourage mass production of a commodity by lowering its unit cost as greater quantities are produced
  2. (Economics, plural only): The characteristics of a production process in which an increase in the scale of the firm causes a decrease in the long run average cost of each unit.

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• cost-effectiveness

  1. The characteristic of being cost-effective.

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  1. The characteristic of being cost-effective.

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• volume ordering

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• cut in wages

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• wage decrease

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• reduction of forces

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• payroll shrinkage

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• layoff

  1. A period of temporary inactivity or rest.
  2. The act of suspending or dismissing an employee, as for lack of work or because of corporate reorganization.

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  1. A period of temporary inactivity or rest.
  2. The act of suspending or dismissing an employee, as for lack of work or because of corporate reorganization.

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• abridgment

  1. The act of abridging or the state of being abridged.
  2. An abridged written text.
  3. An abridged form, as of a book

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  1. The act of abridging or the state of being abridged.
  2. An abridged written text.
  3. An abridged form, as of a book

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• saving

  1. Any reduction in expense, time, labor, etc.
  2. A reduction in expenditure or cost.
  3. (--- Usage Problem) An amount of money saved:

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  1. Any reduction in expense, time, labor, etc.
  2. A reduction in expenditure or cost.
  3. (--- Usage Problem) An amount of money saved:

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• deduction

  1. (Logic) The process of reasoning in which a conclusion follows necessarily from the stated premises; inference by reasoning from the general to the specific.
  2. An amount that is or may be deducted:
  3. A sum or amount deducted or allowed to be deducted as, specif., from taxable income

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  1. (Logic) The process of reasoning in which a conclusion follows necessarily from the stated premises; inference by reasoning from the general to the specific.
  2. An amount that is or may be deducted:
  3. A sum or amount deducted or allowed to be deducted as, specif., from taxable income

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• reduction in spending

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• business recession

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• austerity program

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• rollback

  1. (Computing) An operation which returns a database, or group of records in a database, to a previous state (normally to the previous commit point).
  2. A reduction, especially in prices or wages, to a previous lower level by governmental action or direction:
  3. A turning back or retreat, as from a previously held position or policy:

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  1. (Computing) An operation which returns a database, or group of records in a database, to a previous state (normally to the previous commit point).
  2. A reduction, especially in prices or wages, to a previous lower level by governmental action or direction:
  3. A turning back or retreat, as from a previously held position or policy:

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• cutback

  1. (Roofing) Solvent-thinned bitumen used in cold process roofing adhesives, cements and coatings.
  2. A reduction in an existing program of some sort.
  3. The act or result of cutting back

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  1. (Roofing) Solvent-thinned bitumen used in cold process roofing adhesives, cements and coatings.
  2. A reduction in an existing program of some sort.
  3. The act or result of cutting back

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• retrenchment

  1. A rampart or breastwork within the main fortification
  2. A cutting down or back; reduction.
  3. A retrenching; esp., a reduction of expenses

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  1. A rampart or breastwork within the main fortification
  2. A cutting down or back; reduction.
  3. A retrenching; esp., a reduction of expenses

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• curtailment

  1. The act of curtailing

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  1. The act of curtailing

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