in economics, austerity is a state of reduced spending and increased frugality in the financial sector. Austerity measures are often taken by government as an attempt to reduce expenditures and shrinking growing deficits.
Economics is often described as a body of knowledge or study that discusses how a society tries to solve the human problems of unlimited wants and scarce resources.
microeconomic
The austerity of the principal scared the students away.
Austerity has a few definitions. In 2011 news of Greece austerity riots continued for several months. In economics, austerity means policy that aims to cut a deficit, cut spending and reduce public services or benefits provided. Austerity also means to be cold in appearance or manner, to be austere.
Economics is described as the study of production, distribution, and consumption of goods an services, along with the transfer of wealth.
Austerity is severity of manners or life, or the act of deficit-cutting, perhaps involving lower spending, or higher taxes.
The cast of Austerity Love - 1958 includes: Nestor de Villa
Example: The period of rationing in the UK during and after World War 2 was a time of austerity.
what was rationg austerity
The noun form for the adjective austere is austereness. Another noun form is austerity.
Austerity and balanced budgets.
Austerity in planning and behavior