Austerity is severity of manners or life, or the act of deficit-cutting, perhaps involving lower spending, or higher taxes.
The austerity of the principal scared the students away.
in economics, austerity is a state of reduced spending and increased frugality in the financial sector. Austerity measures are often taken by government as an attempt to reduce expenditures and shrinking growing deficits.
Example: The period of rationing in the UK during and after World War 2 was a time of austerity.
The cast of Austerity Love - 1958 includes: Nestor de Villa
what was rationg austerity
The noun form for the adjective austere is austereness. Another noun form is austerity.
Austerity and balanced budgets.
Austerity in planning and behavior
Austerity
Stories of war, bravery and austerity.
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M. Sissons has written: 'Age of Austerity'