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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

gig economy

A labor market in which temporary or freelance work is common. A "gig" is a one-time job. After getting laid off from my full-time office job, I started doing freelance work, like many other people in the gig economy.
See also: economy, gig
References in periodicals archive ?
This is because a large number of economies around the world could fall into balance sheet recession all at the same time.
As large markets drive economic development over decades, so strong market demand is said to drive growth year to year in a very particular way: by spurring firms to achieve vast economies of scale in the production of standardized products for those markets.
Exploitative economies have often depended upon the nonreciprocity of women or slaves to be the willingly or unwillingly "gifting" contributors of what Bourdieu calls "symbolic capital," so that those in power could convert this symbolic capital that came to them as a "gift" that could be converted into realized capital owned by those in power.
and Europe maintain strong economies to give Southeast Asia time to turn its economies around.
Latin American nations, though currently under pressure, have largely succeeded in opening up their economies to international financial flows, and more rapidly rising living standards have been the result.
Those governments which seek to stimulate their economies by borrowing money to finance public sector jobs during any future downturn will face penalties administered by the central bank.
The Anglo-Saxon economies were particularly vulnerable but so was Japan's, and Germany was about to change geographically and economically.
The counter argument is that because the Asian economies and the larger economies of the eurozone have become so export-dependent (while facing serious demographic problems in the years ahead), it is unlikely that a strong burst of consumption will rise up to take the American consumer's place.
In financial services, growth is also expected to continue as international economies strengthen.
But unlike the advanced Western economies, Japan after its high growth period never made a proper switch to so-called lifestyle demands--second houses, second cars, expensive vacations, yachts, et cetera.
Tognetti makes some interesting observations about the differences between the medieval and early modern economies, but he leaves unexamined the issue of the economic depression of the Renaissance.
Tom Doorley, a partner with Deloitte Consulting-Braxton Associates, has studied leaders and successful companies in both the Old and New Economies.
The Asian economies and the rest of the world are recovering, and if the dollar loses its strength and becomes a bit weaker, it's going to help our exports,'' Dhawan said.
Its significance is greatest, of course, for those who experienced socialism's failures up close and whose burden it is now to recreate stable societies, economies and political systems in environments strewn with the economic, social and civic legacies of failure.
After the Asian economies went into freefall, threatening the world economy, Clinton didn't panic.
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