2. Political economy; the science of the utilities or the useful application of wealth or material resources. See Political economy, under Political. "In politics and economics." V. Knox.
ECONOMIST
E*con"o*mist, n. Etym: [Cf. F. économiste.]
1. One who economizes, or manages domestic or other concerns with frugality; one who expends money, time, or labor, judiciously, and without waste. "Economists even to parsimony." Burke.
2. One who is conversant with political economy; a student of economics.
ECONOMIZATION
E*con`o*mi*za"tion, n.
Defn: The act or practice of using to the best effect. [R.] H.
Spenser.
ECONOMIZE
E*con"o*mize, v. t. [imp. & p. p. Economized; p. pr. & vb. n.
Economizing.] Etym: [Cf. F. économiser.]
Defn: To manage with economy; to use with prudence; to expend with
frugality; as, to economize one's income. [Written also economise.]
Expenses in the city were to be economized. Jowett (Thucyd. ).
Calculating how to economize time. W. Irving.
ECONOMIZE
E*con"o*mize, v. i.
Defn: To be prudently sparing in expenditure; to be frugal and saving; as, to economize in order to grow rich. [Written also economise.] Milton.