Economized

/ɪˈkɒnəmaɪzd/ verb

Definition

Past tense of economize; spent money or used resources carefully and efficiently.

Etymology

The past tense of 'economize,' formed with the regular '-ed' suffix. American English spelling.

Kelly Says

After the 2008 financial crisis, millions of Americans economized so severely that entire industries like tourism and fine dining nearly collapsed because people stopped spending entirely.

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