DEFLATION • E-FREE TRANSLATION.COM • Definition of Deflation

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noun

deflation n.

The act or process of deflating.

A fall in the average prices of goods and services; usually associated with contraction of economic activity. Opposite of inflation. Compare disinflation.

The reduction of available credit or a contraction of economic activity resulting from or associated with a decline of prices.

The act of letting the air out of something.

(Geol.) The erosion of land structures such as sand or soil due to the action of wind.

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Etymology of 'Deflation'

Collaborative International Dictionary of English 0.48

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"Deflation" Quotes from Famous Books

... England—or the only aerial thing of terrestrial origin that, even to this date of about thirty-five years later, has been thought to have crossed the Atlantic Ocean. He accounts for the triangular form by deflation—"a shapeless bag, barely able to float." My own acceptance is that great deflation does not accord with observations upon its power ...

— The Book of the Damned • Charles Fort

... they give an exact definition of a right line, when they say, it is the shortest way betwixt two points. But in the first place I observe, that this is more properly the discovery of one of the properties of a right line, than a just deflation of it. For I ask any one, if upon mention of a right line he thinks not immediately on such a particular appearance, and if it is not by accident only that he considers this property? A right line can be comprehended alone; but this definition is unintelligible without ...

— A Treatise of Human Nature • David Hume

Words linked to "Deflation" : deflate, diminution, eating away, wearing away, erosion, deflationary, economic process, decrease, geology, eroding, step-down, wearing, reduction, inflation