Judicial economy refers to the efficient use of judicial resources to resolve disputes. It emphasizes minimizing unnecessary legal proceedings and promoting the swift resolution of cases. This approach helps reduce court backlogs and ensures that the legal system operates effectively. By prioritizing cases and encouraging settlements, judicial economy aims to save time and costs for both the courts and the parties involved. It often involves strategies like alternative dispute resolution methods, such as mediation or arbitration, which can lead to quicker and more amicable outcomes without extensive litigation.