3 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) 2.0 [wn]: deflation n 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: {inflation}, {disinflation}] 3: the act of letting the air out of something [ant: {inflation}] From Moby Thesaurus II by Grady Ward, 1.0 [moby-thes]: 83 Moby Thesaurus words for "deflation": abasement, abatement, abridgment, alleviation, attenuation, break, breakdown, cave-in, cheapening, collapse, comedown, contraction, crash, cropper, cut, dampening, damping, debasement, decline, decrease, decrement, decrescence, deduction, depreciation, depression, descent, devaluation, diminishment, diminution, disgrace, dive, downfall, dump, dying, dying off, embarrassment, extenuation, fade-out, fall, hangdog look, humbled pride, humiliation, implosion, languishment, lessening, letdown, letup, lowering, markdown, miniaturization, mitigation, mortification, nose dive, plummet, plummeting, plunge, pratfall, price cut, price fall, price reduction, prostration, put-down, reduction, relaxation, sag, sagging, scaling down, self-abasement, self-abnegation, self-diminishment, setdown, shame, shamefacedness, shamefastness, simplicity, slash, slump, smash, stumble, subtraction, tailspin, tumble, weakening
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