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Definition: Economy
Category: Common Assessment Framework (CAF)
Economy and economising refer to prudent financial management, including reducing costs through more efficient purchasing processes and saving money without affecting the quality of outputs or objectives. http://ec.europa.eu/eurostat/ramon/statmanuals/files/CAF_2013.pdf
Source:
European Network of National CAF Correspondents, European CAF Resource Centre at the European Institute of Public Administration (EIPA), "The Common Assessment Framework (CAF). Improving Public Organisations through Self-Assessment. CAF2013", Maastricht, September 2012
European Network of National CAF Correspondents, European CAF Resource Centre at the European Institute of Public Administration (EIPA), "The Common Assessment Framework (CAF). Improving Public Organisations through Self-Assessment. CAF2013", Maastricht, September 2012
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