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    austerity noun uk / ɔːˈster.ə.ti / us / ˈɑː.ster.ə.t̬i / Add to word list [ C or U ] the condition of living without unnecessary things and without comfort, with limited money or goods, or a practice, habit, or experience that is typical of this:
    dictionary.cambridge.org/dictionary/english/austerity
    In economic policy, austerity is a set of political-economic policies that aim to reduce government budget deficits through spending cuts, tax increases, or a combination of both.
    en.wikipedia.org/wiki/Austerity
     
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    What is austerity?[countable, usually plural] something that is part of an austere way of life the austerities of the South in wartime Definition of austerity noun in Oxford Advanced American Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
    Where did the word austerity come from?The first records of the word austerity in English come from around the late 1300s. It ultimately derives from the Greek austērós, meaning “harsh, rough, bitter.” Austerity involves living in harsh, rough, and severely simple conditions. Sometimes, it’s on purpose.
    What is austerity in a monastery?Austerity involves living in harsh, rough, and severely simple conditions. Sometimes, it’s on purpose. The austerities of life in a monastery are typically intended to help those who live there focus on the spiritual aspect of life without being distracted by anything that’s considered frivolous. In many cases, though, austerity is not by choice.
    Why is austerity important?The goal of austerity is to improve a government's financial health. Default risk can spiral out of control quickly and, as an individual, company, or country slips further into debt, lenders will charge a higher rate of return for future loans, making it more difficult for the borrower to raise capital.
     
  4. Austerity Definition & Meaning - Merriam-Webster

    WEB1. : the quality or state of being austere: such as. a. : a stern and serious quality. the formal austerity of his manner. b. : a plain and simple quality. the austerity of the design. 2. : enforced or extreme economy …

     
  5. AUSTERITY | English meaning - Cambridge Dictionary

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  8. AUSTERITY definition and meaning | Collins English …

    WEB1 day ago · the state or quality of being austere. 2. (often plural) an austere habit, practice, or act. 3. a. reduced availability of luxuries and consumer goods, esp when brought about by government policy. b. ( as …

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