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  2. Dictionary

    aus·ter·i·ty
    [ôˈsterədē]
    noun
    austerity (noun) · austerities (plural noun)
    Origin
    late Middle English: from French austérité, from Latin austeritas, from austerus ‘severe’ (see austere).
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    What does austerity mean?Pick the best ones! Spelling Bee Quiz Can you outdo past winners of the National Spelli... The meaning of AUSTERITY is the quality or state of being austere. How to use austerity in a sentence.
    What are the three types of austerity?There are three main types: higher taxes (revenue generation) to fund government spending, revenue generation plus lower government spending, and lower taxes plus lower government spending. Austerity has been used in many countries, such as the United States and Greece.
    What does it mean to live a life of austerity?voluntary restraint in the satisfaction of one's appetites They moved off the grid to live a life of austerity. the quality or state of being stern and serious in manner or appearance His air of austerity tends to put others off.
    Where did austerity come from?Blyth traces the discourse of austerity back to John Locke 's theory of private property and derivative theory of the state, David Hume 's ideas about money and the virtue of merchants, and Adam Smith 's theories on economic growth and taxes.
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