IPA: /ɔːˈstɛrɪti/
KK: /ɔːˈstɛrɪti/
A situation where strict measures are taken to reduce spending, often by the government, usually during difficult economic times.
The government implemented austerity measures to control the national debt.
Austerity → It is formed from "austerus" (from Greek "austēros", meaning harsh or severe) and the suffix "-ity" (meaning the state or condition of). The word "austerity" refers to the state of being severe or strict, often in terms of economic measures or lifestyle.
Think of 'harshness' ('austerus') to remember that 'austerity' means a strict or severe condition, often related to economic measures.