economy


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Related to economy: World economy

false economy

An initial attempt to save money that ends up costing a person more money in the future. Although people often join wholesale clubs for the discounts, it ends up being a false economy because they spend more there than they would at a regular grocery store. Not getting regular oil changes might save you money in the short term, but it's a false economy because you'll ruin your engine.
See also: economy, false

a false economy

something that you think will save you money but which means you will have to spend a lot more money later She told me that buying a cheap washing machine was a false economy because it was more likely to break down.
See also: economy, false
References in classic literature ?
I am su'prised at a lady like you, chock full o' moral science and political economy, wanting to put a poor man off.
By which the reader may conceive an idea of the ingenuity of that people, as well as the prudent and exact economy of so great a prince.
If it was from economy, and you are anxious to teach me not to be wasteful, you have no cause for alarm.
Raised in unrivalled prosperity, we inherit an economy that is still the world's strongest, but is weakened by business failures, stagnant wages, increasing inequality, and deep divisions among OUR OWN people.
The duchess and the duke came out to the door of the room to receive him, and with them a grave ecclesiastic, one of those who rule noblemen's houses; one of those who, not being born magnates themselves, never know how to teach those who are how to behave as such; one of those who would have the greatness of great folk measured by their own narrowness of mind; one of those who, when they try to introduce economy into the household they rule, lead it into meanness.
The disciplined armies always kept on foot on the continent of Europe, though they bear a malignant aspect to liberty and economy, have, notwithstanding, been productive of the signal advantage of rendering sudden conquests impracticable, and of preventing that rapid desolation which used to mark the progress of war prior to their introduction.
Some persons were sufficiently pricked by curiosity to give ten sous to Jacquelin to allow them a close inspection of the vehicle which threatened to upset the whole economy of the region.
On the whole therefore -- although I am not ignorant that, in many popularly elected School Boards, there is a reaction in favour of "the cheap system" as it is called -- I am myself disposed to think that this is one of the many cases in which expense is the truest economy.
The books were of the most varied kind, history, geography, politics, political economy, botany, geology, law, all relating to England and English life and customs and manners.
We have made our calculations with Spartan economy, and we each require fifteen hundred livres.
Go to work, labor, young man, struggle ardently and courageously; live, yourself, your mother and sister, with the most rigid economy, so that from day to day the property of those whom I leave in your hands may augment and fructify.
Therefore, a prince, not being able to exercise this virtue of liberality in such a way that it is recognized, except to his cost, if he is wise he ought not to fear the reputation of being mean, for in time he will come to be more considered than if liberal, seeing that with his economy his revenues are enough, that he can defend himself against all attacks, and is able to engage in enterprises without burdening his people; thus it comes to pass that he exercises liberality towards all from whom he does not take, who are numberless, and meanness towards those to whom he does not give, who are few.
Bennet had married, economy was held to be perfectly useless, for, of course, they were to have a son.
It might be better to say that, relieved by a faultless, even a fastidious neatness and grace, there was an air of severe, perhaps of pinched economy in her present attire.
Norris, on quitting the Parsonage, removed first to the Park, and afterwards to a small house of Sir Thomas's in the village, and consoled herself for the loss of her husband by considering that she could do very well without him; and for her reduction of income by the evident necessity of stricter economy.