uneconomical

Uneconomical refers to something that is not economical, meaning it is not efficient or cost-effective. This term is often used in the context of business, finance, and economics to describe practices, products, or services that consume more resources than necessary, resulting in higher costs without proportionate benefits. Uneconomical decisions can lead to financial losses, reduced profitability, and inefficiencies in operations. For example, a company might find itself uneconomical if it continues to use outdated technology that requires excessive maintenance and energy consumption, or if it engages in practices that do not align with market demands or regulatory requirements. Identifying and addressing uneconomical practices is crucial for organizations to optimize their operations, reduce costs, and enhance overall performance.