Austerity measures are often used by governments that find it difficult to borrow or meet their existing obligations to pay back loans. The measures are meant to reduce the budget deficit by bringing …

The meaning of AUSTERITY is the quality or state of being austere. How to use austerity in a sentence.

Sep 5, 2025 · Discover what austerity measures are, their types, and how they impact economies with real-world examples from the U.S. and Greece. Learn the pros and cons.

Definition of austerity noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.

AUSTERITY definition: 1. the condition of living without unnecessary things and without comfort, with limited money or…. Learn more.

Jan 21, 2025 · Austerity is a set of economic policies aimed at reducing government budget deficits through spending cuts, tax increases, or a combination of both. Typically implemented during times …

Austerity is a situation in which people's living standards are reduced because of economic difficulties. ...an economic austerity programme. ...the years of austerity which followed the war. If you refer to …

1. The quality of being austere. 2. Severe and rigid economy: wartime austerity. 3. An austere habit or practice.

There are seven meanings listed in OED's entry for the noun austerity, one of which is labelled obsolete. See ‘Meaning & use’ for definitions, usage, and quotation evidence.

What does austerity mean? Austerity means sternness, severity, or a state of extreme self-discipline or minimalistic living.