Economic decline typified by falling costs of goods and services; falling levels of employment; limited money supply or creditAn arrangement in which an item for sale is received by the ...; reduced imports; lower wage increases, often caused by lower personal spending or investmentMoney or capital that is invested in a business or in an acc..., and/or a reduction in government spending. DeflationEconomic decline typified by falling costs of goods and serv... is broadly the opposite of inflationNormally referring to the economy of a country, inflation is....