deflation

Definitions

General Science

  • noun the act or an instance of allowing air to escape from something such as a tyre or balloon so that it becomes smaller or collapses

Accounting

  • noun a general reduction in economic activity as a result of a reduced supply of money and credit, leading to lower prices

Economics

  • noun reduction in economic activity, resulting in falls in output, wages, prices and similar effects, either caused by a fall in demand or created when a government reduces money supply or lowers interest rates.

Politics

  • noun the economic situation when prices fall
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