Meaning of false economy | Babel Free

Definitions

An attempt to economize that fails because the less expensive approach is inferior in some way, or ultimately wastes more money than was saved.

countable, uncountable

Examples

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

“"If the suggestion is merely to delay the opening of Euston, then you may save some money in the very short term. But by delaying works, allowing more inflation to creep in, you will actually add to the overall cost. It would be a totally false economy."”

CEFR level