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economical


Definition

Utilization of resources in a manner that reduces the costs associated with the use and results in some sort of benefit for the user. Increases in wealth, resource longevity, or effectiveness of time are all results that can be achieved by using resources in an economical fashion. Due to increased human consumption and price increases on certain resources, people have started using things such as hybrid vehicles, reusable bags, and energy efficient light bulbs in hopes of become more economical and less dependent on depleting resources.

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When Management Implies that Their Stock is UndervaluedManagements that say or imply during a public offering that their stock is undervalued are usually being economical with the truth or uneconomical with their existing shareholders' money: Owners unfai ... Read more

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