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- Belt tightening refers to cutting back on expenses and unnecessary purchases in order to save money1. It is generally viewed as a temporary solution to a short-term economic problem1. Belt tightening can be used to weather a storm by tightening down the hatches instead of abandoning the ship completely1. Belt-tightening is also used to refer to a reduction in spending by consumers, businesses, governments, etc., usually because they have financial problems2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Belt tightening is generally viewed as a temporary solution to a short-term economic problem. This would be akin to weathering a storm by tightening down the hatches instead of abandoning the ship completely. To "tighten your belt" refers to cutting back on expenses and unnecessary purchases in order to save money.www.smartcapitalmind.com/what-does-it-mean-to-ti…belt-tightening noun [ U ] FINANCE (also belt tightening) uk us Add to word list a reduction in spending by consumers, businesses, governments, etc., usually because they have financial problems:dictionary.cambridge.org/dictionary/english/belt-tig…
Belt-tightening Definition & Meaning - Merriam-Webster
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