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...a false economy is an action that saves money at the beginning but which, over a longer period of time, results in more money being spent or wasted than being saved ... false economy | meaning of false economy in Longman ... ... . 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 ... False Economy research team launches independent news site Sentinel News will cover similar ground to False Economy, looking at the impact of funding cuts to health, education, care services and benefits More »; Barnet careworkers fight pay cut with strike action this week on 24 & 25 February false economy definition: 1. an action that saves money at the beginning but, over a lon ... Why cuts are the wrong cure | False Economy ... . an action that saves money at the beginning but, over a lon...