economics
austerity
Difficult economic conditions created by government measures to reduce public spending and debt.
Example
"The government's austerity measures cut public services and raised taxes to reduce the deficit."
💡 Memory Tip
Auster-ITY — auster sounds like 'austere,' meaning strict and severe. Austerity is strict economic discipline.
Etymology
From Greek 'austeros' meaning 'harsh, severe' — harsh economic conditions.
Common Misspellings
austeretyausterityaustirityausteraty