costcutting
nounUK /ˈkɒstˌkʌtɪŋ/
US /ˈkɔːstˌkʌtɪŋ/
Costcutting means finding ways to spend less money.
The school did some costcutting so it could buy new books.
RELATED WORDS
OTHER MEANINGS
2. The act of reducing prices or expenses in a business.
The company's costcutting helped it survive a hard year.
3. A plan or policy to lower spending.
Their new costcutting plan starts next month.
4. Making something cheaper to produce or run.
Costcutting in the factory lowered the price of each toy.