False economy
id:
false-economy-222-2352589
title:
False economy
text:
In economics, a false economy or hallucinated economy is an action that does save money at the beginning but which, over a longer period of time, results in more money being spent or wasted than being saved. For example, it may be false economy if a city government decided to purchase the cheapest automobiles for use by city workers to save money; however, if cheap automobiles have a record of needing more frequent repairs, the additional repair costs would eradicate any initial savings. Motivat
brand slug:
wiki
category slug:
encyclopedia
description:
Economics concept
original url:
https://en.wikipedia.org/wiki/False_economy
date created:
2005-02-27T01:15:35Z
date modified:
2024-09-14T08:02:21Z
main entity:
{"identifier":"Q2031629","url":"https://www.wikidata.org/entity/Q2031629"}
image:
fields total:
13
integrity:
15