Is “Economizing” a Scrabble word?

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Yes
ECONOMIZING
Valid in at least one Scrabble dictionary

Valid in these dictionaries

SOWPODS / CSW
Scrabble UK & International
Valid
TWL / NWL
Scrabble North America
Valid
Large English Dictionary
General English word list
Unavailable

Meaning of Economizing

verb
  1. 1.To practice being economical (by using things sparingly or in moderation, and by avoiding waste or extravagance).

  2. 2.To use frugally.