deflation (/dɪˈfleɪ.ʃən/)
noun · Advanced · Work & Business
🔊 /dɪˈfleɪ.ʃən/
Meaning
Meaning: falling prices
A general fall in prices over time, the opposite of inflation, which can slow down an economy.
Examples
🗣 Prolonged deflation can hurt an economy because people delay buying, expecting even lower prices.
Etymology
Formed from the prefix ‘de-‘ (down, away) and ‘inflation’, by analogy.
How & Where It’s Used
Used in economics, often contrasted with inflation.
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Tags: economy, money