noun, noun which may take the genitive case particle 'no'
cost cutting; expense reduction; financial retrenchment
Refers to reducing expenses, often in a business or organizational context. Can be used as a noun or as a no-adjective modifying another noun.
The company reduced business trips to cut costs.
As a cost-cutting measure, we are promoting paperless operations.
節約 is a general term for saving or economizing, while 経費節約 specifically refers to cutting expenses or costs.
コスト削減 is a common business term for cost reduction, often used interchangeably with 経費節約, but 経費節約 may sound slightly more formal or traditional.
Compound of 経費 (expenses) and 節約 (saving, economizing). The meaning is transparent from its components.