Parsimony
noun | /parsimony/
Extreme unwillingness to spend or use resources; stinginess. In reasoning, it can also mean economy or simplicity, as in the principle of parsimony.
Parsimony
noun | /parsimony/
Essential WordsMEDIUMExtreme unwillingness to spend or use resources; stinginess. In reasoning, it can also mean economy or simplicity, as in the principle of parsimony.
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Synonyms
Antonyms
Examples
"Her parsimony kept the small business financially stable during a difficult year. Means: Her careful, restrained spending helped the business remain financially stable."
"The theory of parsimony favors the explanation that makes the fewest unsupported assumptions. Means: The principle prefers the simplest explanation that adequately fits the evidence."
Mnemonic Trick
Parsimony means using or spending very little; remember “parse” resources carefully.
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