What is another word for Economization?
Pronunciation: [ɪkˌɒnəma͡ɪzˈe͡ɪʃən] (IPA) 
Economization is the process of reducing expenses or minimizing waste. Synonyms that can be used for this word include cost-cutting, thrift, budgeting, economizing, frugal, and thrifty. A few more options are penny-pinching, frugality, parsimony, austerity, and prudent. All of these words encompass the same basic idea of saving resources in order to maximize benefits or minimize losses. By using different synonyms in your writing, you can add some variety to your language and create a clearer message that resonates better with your readers. Choosing the right synonym depends on your specific context and the tone and style of your piece.
