Definition, Meaning & Synonyms

economy-drive

Noun

/ɪˈkɒnəmi draɪv/

Definition

A focus or emphasis on economic efficiency and cost-effectiveness in operations or decision-making.

Examples

The company’s economy-drive strategy led to significant savings on production costs.
As part of the economy-drive initiative, many departments were encouraged to find more efficient ways to operate.
By adopting an economy-drive philosophy, the local government aims to improve fiscal sustainability.

Meaning

The term economy-drive refers to actions, policies, or approaches that prioritize the reduction of costs and the maximization of financial performance in various contexts, such as business, government, or personal finance.