false economy

false economy
An attempt to economize that fails because the less expensive approach is somehow inferior.

On the other hand, when money is saved and the efficiency of the school is injured, that is a false economy.


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  • false economy — UK US noun [S] ► something that you do in order to save money but which costs you more money later: »Not fully insuring your possessions is a false economy, as any claim you make may be refused …   Financial and business terms

  • False economy — A false economy refers to an action which saves money at the beginning but which, over a longer period of time, results in more money being wasted than being saved. For example, if a city government decided to purchase the least expensive… …   Wikipedia

  • false economy — UK / US noun [countable/uncountable] Word forms false economy : singular false economy plural false economies something that you do because you think it will save you money, but in fact it costs you more …   English dictionary

  • false economy — false e conomy noun count or uncount something that you do because you think it will save you money, but in fact costs you more …   Usage of the words and phrases in modern English

  • false economy — noun an apparent financial saving that in fact leads to greater expenditure …   English new terms dictionary

  • false economy — …   Useful english dictionary

  • a false economy — ► something that seems to be a good way of saving money but is not: »Going abroad without travel insurance is a false economy if you are ill and need costly medical treatment. Main Entry: ↑economy …   Financial and business terms

  • a false economy — (a) false economy phrase something that seems to save money but will really make you spend more Buying cheap tools is a false economy. Thesaurus: to save money, or to be careful with moneyhyponym to buy somethingsynonym Main entry: economy …   Useful english dictionary

  • (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 …   New idioms dictionary

  • false — W3S3 [fo:ls US fo:ls] adj ▬▬▬▬▬▬▬ 1¦(untrue)¦ 2¦(wrong)¦ 3¦(not real)¦ 4¦(not sincere)¦ 5 false economy 6 under false pretences 7 false move/step 8 false imprisonment/arrest ▬▬▬▬▬▬▬ [Date: 900 1000; : Latin; …   Dictionary of contemporary English

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