parsimony
noun
par·si·mo·ny
ˈpär-sə-ˌmō-nē
1
a
: the quality of being careful with money or resources : thrift
the necessity of wartime parsimony
b
: the quality or state of being stingy
The charity was surprised by the parsimony of some larger corporations.
2
: economy in the use of means to an end
especially
: economy of explanation in conformity with Occam's razor
the scientific law of parsimony dictates that any example of animal behavior should be interpreted at its simplest, most immediate level —Peter Gorner
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Merriam-Webster unabridged
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