In economics, austerity is defined as a set of economic policies that the government has enacted to control public debt.
- Austerity refers to the government's tough economic policies to curb rising national debt, which is explained by more austerity.
- In general, there are three main types of austerity measures: spending increases (tax increases), spending financing, higher taxes while reducing unnecessary government work, and tax cuts and public spending.
- Controversial austerity measures and the internal consequences of austerity can be even more damaging if not implemented.
Meanings of Austerity
The severity or intensity of style or behavior.
Sentences of Austerity
He is known for his frugality and dictatorship.
Synonyms of Austerity
austereness, sternness, sombreness, dourness, soberness, steeliness, flintiness, seriousness, stiffness, strictness, severity, grimness, graveness, stoniness, gravity