AskDefine | Define retrenchment

Dictionary Definition

retrenchment

Noun

1 entrenchment consisting of an additional interior fortification to prolong the defense
2 the reduction of expenditures in order to become financial stable [syn: curtailment, downsizing]

User Contributed Dictionary

English

Pronunciation

  • /rɪˈtrentʃ.mənt/, /rI"trEntS.m@nt/

Noun

  1. A defensive entrenchment consisting of a trench and parapet
  2. A reduction or curtailment

Translations

a defensive entrenchment
a reduction or curtailment

Extensive Definition

Retrenchment means the reduction of expenditures in order to become financially stable (e.g., by cutting jobs).
Retrenchment of the state, accompanied by lowering taxes, is frequently advocated by capitalist, neo-liberal, and libertarian groups.

See Also

References

Paul Pierson, Dismantling the welfare state? Reagan, Thatcher, and the politics of retrenchment, Cambridge University Press, 1994, ISBN-13: 978-0521555708, ISBN-10: 0521555701.

Synonyms, Antonyms and Related Words

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