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Deflation   /dɪflˈeɪʃən/   Listen
Deflation

noun
1.
(geology) the erosion of soil as a consequence of sand and dust and loose rocks being removed by the wind.
2.
A contraction of economic activity resulting in a decline of prices.
3.
The act of letting the air out of something.



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deflationary


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"Deflation" Quotes from Famous Books



... deflation in commodity values, there was widespread "welching" among business men who had theretofore been classed as reputable. Of course, I recognize that a far greater number kept their contracts, even when it brought them to the verge of ruin. But when in the history of American business was there such ...
— The Constitution of the United States - A Brief Study of the Genesis, Formulation and Political Philosophy of the Constitution • James M. Beck


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


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