Parsimony

Etymology:

Origin:

The word "parsimony" comes from the Latin word "parsimonia" which means "frugality" or "thriftiness."

Historical Usage:

The term has been used since the mid-16th century, and its meaning has remained relatively consistent throughout history.

Related Idioms:

Idiom:

"Exercising parsimony"

Explanation:

This phrase refers to actively practicing frugality or being mindful of one's spending habits.

Misconceptions:

Misconception:

Confusing "parsimony" with "parsimoniousness."

Explanation:

While both words are related, "parsimoniousness" refers to the quality or state of being parsimonious, whereas "parsimony" is the noun form denoting the act or concept of extreme frugality.