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| de·fla·tion [ di fláysh'n ] |
noun |
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1. collapse because of air loss: the release or escape of air or gas from something, resulting in its shrinking or collapsing
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2. loss of self-esteem: a sudden loss of confidence, self-assurance, or conceit
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3. economics reduced economic activity: the reduction of general economic activity, including lower prices and a reduced supply of money and credit
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4. geology erosion: the erosion of land by wind
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