Definition of false economy in English:

false economy

noun

  • An apparent financial saving that in fact leads to greater expenditure:

    ‘do not skimp on batteries, it is a false economy’
    ‘tools are expensive, but it is often a false economy to go for the cheapest’
    • ‘Keeping an ancient boiler going might seem a good idea, but it is likely to be a false economy.’
    • ‘In the event of a claim it could turn out to be a false economy to have undervalued the contents of your home simply to keep premium costs down.’
    • ‘Saving money by bypassing training programs is a false economy.’
    • ‘Cheap herbal remedies are a false economy, since there may not be enough active ingredient to have any therapeutic effect.’
    • ‘However, even taking this new funding into account, a considerable amount of work will still remain to correct years of false economies in patching up already inadequate buildings.’
    • ‘And when you can buy a brand new 80Gb drive for under £75, it seemed like a false economy to go for the smaller one.’
    • ‘Mr Foster said cutting improvement plans in the name of reliability was a false economy.’
    • ‘Don't sacrifice a discount in return for cheap finance, because this is usually a false economy.’
    • ‘As a result of some false economies, the physical environment is run down and doctors and nurses have to work in sub-standard facilities.’
    • ‘There is obviously a temptation to leave recommended servicing even longer but it would be a false economy.’
    • ‘The demise of such a useful service is short-sighted and penny-pinching and will prove to be a false economy.’
    • ‘It's so much thinner than the old paper was that you end up using twice as much as you did before, thus creating a false economy.’
    • ‘This aspect of figuring the cost of activities guards against false economies, where a savings in one area may be outweighed by an expense elsewhere.’
    • ‘A misunderstanding about facility costs can lead corporations to fall prey to false economies.’
    • ‘The papers also outline that this is not the best time to offload aviation stocks, but warns that waiting for a good time could prove a false economy.’
    • ‘She said keeping the beds closed was a false economy because more money was spent sending patients to other hospitals.’
    • ‘It is a false economy to put people back on the dole and to cancel vital services to the community.’
    • ‘Public services are improving but looking for simple savings through job cuts at this stage could be a false economy.’
    • ‘These are false economies, fuelled by the crisis in social services, and will only serve to cause harm and distress to many.’
    • ‘The early four-cylinder cars without ABS are least desirable and as they cost only about £1,500 less it is a false economy.’