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What does economization mean?

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

Noun
  1. The act or practice of using resources to the best effect.
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Examples
By transferring the responsibility of health-related costs to the users, economization strategies release the state of its burden.
Failed outside air temperature or humidity sensors may result in economizer mode of operation when outdoor conditions are not appropriate for economization.
Cabin design, mass economization, and recycling have also been improved quite a bit in the last 50 years.
Is a central bank's leverage over interest rates threatened by banks' ongoing economization on reserves?

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