Definition of Deflation
Deflation
de·fla·tion
Definition/Meaning
(noun)
the process of having air/gas escape from an enclosing vessel like a ball or balloon (i.e. the process of deflating);
e.g. The deflation of the ball made it bounce less high.
(noun)
the state of losing confidence or feeling less important (i.e. feeling deflated);
e.g. His harsh words resulted in a general deflation in everyone's moods.
(noun)
in economics, the phenomenon by which there is less money/credit available in an economy, by which general prices decrease;
e.g. In economics, deflation is characterized by a decrease in prices of goods and services.
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