Want to say cost-saving measures differently? Here are other words for cost-saving measures and its similar synonyms and opposite words to say in unique way.
Meaning of cost-saving measures
The primary meaning of "cost-saving measures" refers to actions or strategies implemented to reduce expenses or expenditures.
Etymology of cost-saving measures
The term "cost-saving measures" is a combination of words with distinct etymologies. "Cost" originates from the Old French word "coster," meaning "to stand at a price," while "saving" comes from the Old English word "safian," meaning "to save" or "to preserve." The phrase has been used in modern English to describe financial management strategies since the mid-20th century.
Synonyms
economical measures
budget cuts
fiscal responsibility
thriftiness
frugality
parsimony
prudence
austerity measures
belt-tightening
retrenchment
streamlining
downsizing
economization
cost-cutting measures
expense reduction
financial restraint
monetary savings
penny-pinching
economizing
cost-control measures
financial discipline
prudent financial management
fiscal conservatism
budgeting
cost containment
reduction in force
layoffs
cutbacks
spending reductions
financial austerity
Definitions
- Measures taken to reduce costs or expenditures, especially in a business or organization, in order to improve financial performance or efficiency.
- * Actions or strategies implemented to minimize or eliminate unnecessary expenses, resulting in financial savings.
Usage Examples
- The company implemented cost-saving measures to stay competitive in the market, including reducing energy consumption and streamlining operations.
- * The government introduced cost-saving measures to balance the budget, such as cutting back on non-essential services and reducing staff.
Antonyms
extravagant measures
wasteful spending
profligacy
squandering
lavishness
excessiveness
improvidence
recklessness
financial irresponsibility
lavish expenditures
unnecessary expenses
wastefulness
spendthrift
imprudent financial management
fiscal extravagance
reckless spending
unnecessary costs
avoidable expenses