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- False_economy abstract "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. For example, if a city government decided to purchase the least expensive automobiles for use by city workers, it might be termed a false economy, as cheap automobiles have a record of needing more frequent repairs in the long term and the additional repair costs would eradicate any initial savings. Motivating factors on the part of the party engaging in false economies may be linked to the long-term involvement of this party. For example, a real estate developer who builds a condominium may turn the finished structure over to the ensuing condominium corporation which is run by its members once the last unit is sold and the building has passed a final inspection. Longevity of the components of the structure beyond the final turnover of the facility may not be a major motivating factor for the developer, meaning that the result of the application of false economies may be more detrimental to the end user, as opposed to the developer. Individuals may also practise false economy in their personal lives. A notable practitioner of false economy was King Frederick William I of Prussia, who was said by Thomas Macaulay to have saved five or six rixdollars a year feeding his family unwholesome cabbages even though the poor diet sickened his children and the resulting medical care cost him many times what he saved.The concept is like planned obsolescence, whereby the lower initial cost of a false economy attracts buyers mostly on the basis of low cost, who may later be at a disadvantage.".
- False_economy wikiPageExternalLink leading-article-false-economies-do-more-harm-to-children-in-care-7808336.html.
- False_economy wikiPageExternalLink avoiding-false-economies.
- False_economy wikiPageExternalLink the-false-economy-of-cheap-knockoffs-cheaper-isnt-always-better.
- False_economy wikiPageID "1548897".
- False_economy wikiPageRevisionID "603855245".
- False_economy hasPhotoCollection False_economy.
- False_economy subject Category:Ethically_disputed_business_practices.
- False_economy subject Category:Microeconomics.
- False_economy type Abstraction100002137.
- False_economy type Act100030358.
- False_economy type Activity100407535.
- False_economy type EthicallyDisputedBusinessPractices.
- False_economy type Event100029378.
- False_economy type Practice100410247.
- False_economy type PsychologicalFeature100023100.
- False_economy type YagoPermanentlyLocatedEntity.
- False_economy comment "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. For example, if a city government decided to purchase the least expensive automobiles for use by city workers, it might be termed a false economy, as cheap automobiles have a record of needing more frequent repairs in the long term and the additional repair costs would eradicate any initial savings.".
- False_economy label "False economy".
- False_economy label "الاقتصاد الزائف".
- False_economy sameAs m.059k0k.
- False_economy sameAs Q2031629.
- False_economy sameAs Q2031629.
- False_economy sameAs False_economy.
- False_economy wasDerivedFrom False_economy?oldid=603855245.
- False_economy isPrimaryTopicOf False_economy.