Deflation

Definition

• An actual decline in the general level of prices in the economy.

Synonyms
descent, decline, fall, comedown

Related Terms and Acronyms

• Commerce — Definition,
  • The systems and activities that impact business and trade within a nation and abroad.
• Depreciation — Definition,
  • The gradual loss of value of a building or other property because of age or natural wear.
• Depression — Definition,
  • A prolonged downturn in the economy and level of business activity.
• Macroeconomics — Definition,
  • A study of the economy as a whole, particularly the interaction of its various components.
• Microeconomics — Definition,
  • Looking at the individual parts of the economy, with emphasis given to the market process and how it works.
• Monetary Policy — Definition,
  • The Bank of Canada's ability to influence the economy through changes in short-term interest rates and the money supply.