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parsimony

noun

/ˈpɑr səˌmoʊ ni/

IPA:

Dictionary definition of parsimony

A quality of being extremely unwilling to spend money or resources, often demonstrating excessive frugality or thriftiness.
"The economist's argument for fiscal responsibility relied on the principle of parsimony."

Detailed meaning of parsimony

It reflects a mindset or behavior that prioritizes saving and minimal expenditure in order to conserve resources. Parsimony is marked by a tendency to be extremely cautious or stingy when it comes to spending or giving, often seeking to maximize value or minimize waste. It can be applied to individuals, organizations, or even economic systems that prioritize saving and resource allocation efficiency. Parsimony can be seen as a virtue in certain contexts, promoting wise use of resources and avoiding unnecessary extravagance. However, in some cases, parsimony can also be viewed negatively, as it may lead to undue frugality or excessive reluctance to invest in necessary or worthwhile endeavors. Overall, the noun "parsimony" describes the inclination or practice of extreme thriftiness and careful resource management.

Example sentences containing parsimony

1. Parsimony is often valued in scientific theories, favoring simpler explanations over complex ones.
2. The philosopher advocated for the principle of parsimony as a guiding principle in ethical decision-making.
3. The detective's investigation was marked by parsimony, carefully scrutinizing only the most relevant evidence.
4. The designer's minimalist approach to fashion demonstrated a commitment to parsimony in aesthetics.
5. The mathematician's proof impressed his peers with its elegant parsimony, requiring minimal assumptions.
6. The manager's parsimony in budgeting allowed the company to weather economic downturns more effectively.

History and etymology of parsimony

The noun 'parsimony' has a rich etymology rooted in Latin. It derives from the Latin word 'parsimonia,' which is formed from 'parsus,' meaning 'thrifty' or 'frugal,' and 'moneo,' meaning 'I warn' or 'I advise.' In its original Latin context, 'parsimonia' conveyed the idea of carefulness in spending or managing resources, often with a sense of prudence and wise restraint. Over time, as the word made its way into English, 'parsimony' retained its connection to frugality and a strong reluctance to spend money or resources unnecessarily. It has come to signify a quality of being extremely unwilling to part with one's resources and demonstrating excessive thriftiness. The etymology of 'parsimony' highlights its historical association with the virtue of prudent and careful management of resources, which remains a relevant concept in discussions of personal finance and resource allocation today.

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Further usage examples of parsimony

1. The chef's culinary creations showcased a perfect balance between indulgence and parsimony.
2. The author's prose was praised for its parsimony, conveying deep meaning with concise language.
3. The leader's decision-making process was guided by parsimony, prioritizing efficient solutions.
4. The engineer's design embraced parsimony, reducing complexity and improving functionality.
5. The gardener's pruning technique exhibited parsimony, shaping the plants with careful precision.
6. His parsimony knew no bounds; he counted every penny.
7. The company's success was attributed to its parsimony.
8. Her parsimony extended to recycling and reusing.
9. The project failed due to a culture of parsimony.
10. He accused her of parsimony in their budget discussions.
11. Parsimony can hinder innovation and growth.
12. The CEO's parsimony led to layoffs and cost-cutting.
13. A little parsimony can go a long way in saving money.
14. Parsimony often results in missed opportunities.
15. The family's parsimony was evident in their modest lifestyle.
16. Some admire his parsimony, while others find it excessive.
17. Parsimony in charity can be detrimental to those in need.
18. Parsimony can stifle creativity and risk-taking.
19. His parsimony allowed him to retire early and comfortably.
20. The organization's parsimony affected employee morale.
21. There's a fine line between parsimony and stinginess.
22. Parsimony in investing can limit potential returns.
23. The government's parsimony led to infrastructure decay.
24. She practiced parsimony by avoiding unnecessary expenses.
25. Parsimony can be a virtue or a vice, depending on context.