English Lexicon

Market Contraction

/ˈmɑːrkɪt kənˈtrækʃən/
nounCEFR B2 (Upper)Top #1500 frequency
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Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    A decline in the overall demand for goods and services in a market.

    "The recent market contraction has led to significant layoffs across various industries."
  2. 2

    A reduction in the size or scope of a market due to various economic factors.

    "The market contraction was attributed to rising interest rates and decreased consumer spending."

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Antonyms & Contrasting Words (1)

Linguistic Origin & Historical Etymology

The term 'market' originates from the Latin 'mercatus', meaning 'trade' or 'marketplace', while 'contraction' comes from the Latin 'contractio', meaning 'drawing together'. The combination reflects economic contexts where market activity diminishes.

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