The process of making something economical or more efficient; the act of reorganizing to save resources or costs.
From 'economize' plus the suffix '-ation' (forming nouns from verbs to describe an action or process). American English spelling; British uses 'economisation.'
The economization of cities—replacing horse carriages with subways, consolidating services, reducing redundancies—can seem cold and efficient until you realize it often means cutting services to poorer neighborhoods first.
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