Definitions

1. verb

to manage or reduce the use of a resource, such as money or materials, in order to make the most efficient use of it, or to reduce waste or unnecessary expense

“The company aims to economise on energy consumption to reduce its carbon footprint.”

2. verb

to live or manage on a limited amount of money or resources

“After losing his job, he had to economise on everything, from food to transportation.”

3. noun

the act of reducing waste or unnecessary expense

“The company’s policy of economise led to a significant reduction in its operating costs.”

4. noun

a way of managing or reducing the use of a resource

“The new system was designed to promote economise and reduce energy consumption.”