What is Parsimony?
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Adoption of the simplest explanation for an observation. Also stinginess or frugality in regards to economics and finance.
Vanguard must spend a lot of money on printing and mailing its statements, because of the extra paper involved. Undoubtedly, that was a tough decision for the company, which is known for its parsimony
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(Try-perpen-sqwer-q-lur)
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