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What does economizing mean?

Looking for the meaning or definition of the word economizing? Here's what it means.

Verb
  1. present participle of economize
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With no money coming in, the girls wore hand-me-downs from their Milford Haven cousins and Philip grew up learning the value of economizing.
Today we'll take a hard look at prioritizing, economizing and multinationalizing.
The method controls construction costs by economizing on time, wages, and materials.
Countries developed by economizing the coordinated accumulation of capabilities, which manifested as short jumps in the product space.
With regard to light stations, Reform is in support of economizing but certainly not at the price of people's safety and welfare.
They allow one and all to waste less time, perhaps even to gain time, thus economizing money and effort that can be invested in other projects.

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