Shrinkage: meaning, definitions and examples
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shrinkage
[ ˈʃrɪŋkɪdʒ ]
in business
The act of reducing in size or amount, especially in the context of business operations. It often refers to a decrease in revenue, profit, or market share.
Synonyms
contraction, decrease, diminution, reduction
Examples of usage
- Due to the economic downturn, the company experienced significant shrinkage in its profit margins.
- The shrinkage in market demand led to a decrease in production levels.
fabric/material
The process of becoming smaller or contracting, usually used in reference to fabrics or materials. It can be caused by washing, heat, or other factors.
Synonyms
contraction, shrink, shrinking
Examples of usage
- The shrinkage of the woolen sweater after washing was noticeable.
- High temperatures can lead to shrinkage in certain types of plastic materials.
psychological
A reduction in size or quantity, often used in psychological terms to describe the feeling of becoming smaller or less significant.
Synonyms
diminishment, reduction, shrink
Examples of usage
- She felt a sense of emotional shrinkage after the breakup.
- The constant criticism led to a shrinkage of his self-esteem.
Translations
Translations of the word "shrinkage" in other languages:
🇵🇹 encolhimento
🇮🇳 सिकुड़न
🇩🇪 Schrumpfung
🇮🇩 penyusutan
🇺🇦 усадка
🇵🇱 kurczenie
🇯🇵 収縮 (しゅうしゅく)
🇫🇷 rétrécissement
🇪🇸 encogimiento
🇹🇷 büzülme
🇰🇷 수축 (縮小)
🇸🇦 انكماش
🇨🇿 smrštění
🇸🇰 zmršťovanie
🇨🇳 收缩 (shōusuō)
🇸🇮 krčenje
🇮🇸 skreppa
🇰🇿 қысқару
🇬🇪 შემცირება
🇦🇿 kiçilmə
🇲🇽 encogimiento
Word origin
The term 'shrinkage' originated from the verb 'shrink,' which dates back to the 14th century. It evolved over time to specifically refer to the act of reducing in size or amount. The concept of shrinkage has been prevalent in various fields, including business, materials, and psychology, reflecting the universal nature of the phenomenon.