deflation

2 definitions found

From The Collaborative International Dictionary of English v.0.48 [gcide]:

deflation \deflation\ n.

1. the act or process of deflating. [PJC]

2. a fall in the average prices of goods and services; -- usually associated with contraction of economic activity. Opposite of {inflation}. Compare {disinflation}. [PJC]

3. the reduction of available credit or a contraction of economic activity resulting from or associated with a decline of prices. [WordNet 1.5]

4. the act of letting the air out of something. [WordNet 1.5]

5. (Geol.) the erosion of land structures such as sand or soil due to the action of wind. --RHUD [PJC]

From WordNet (r) 3.0 (2006) [wn]:

deflation

noun

1: (geology) the erosion of soil as a consequence of sand and dust and loose rocks being removed by the wind; "a constant deflation of the desert landscape"

2: a contraction of economic activity resulting in a decline of prices [ant: {disinflation}, {inflation}, {rising prices}]

3: the act of letting the air out of something [ant: {inflation}]


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