Meaning of Austerity

What is Austerity:

Austerity refers to simplicity and moderation, as well as the rigorous observance of moral standards by individuals. The word austerity is of Latin origin austere, made up of 2 components: austerus which means "difficult or rough" and the suffix itas that expresses "quality".

In reference to the definition given to the word, it can be seen that the term is used to describe people, things, situations or events, that is, a thing is austere when its characteristics do not present too much luxury, but quite the opposite, it is very simple, for example: "the house is austere", this means that its decoration and furniture are very simple.

As for the person, the austere adjective is used to describe a severe, rigid, sober or moderate individual, it is the case of a person who reduces his consumption or deprives himself of luxuries in order to reduce his expenses and, in many cases , the person has a good economic situation but prefers to lead this lifestyle thinking about the future.

Austerity is linked to frugality and asceticism. However, frugality is the quality of being thrifty, moderate, in turn, asceticism is the renunciation of economic pleasures in order to lead to moral and spiritual perfection. Therefore, austerity is living simply and without any luxury.

See also Asceticism.

On the other hand, the term austerity is used as a synonym for: severity, rigor, hardness, roughness, minimalist, among others. Also, some antonyms of the word austerity are: abundance, wealth, waste, and so on.

See also Minimalist.

Austerity as a value

The opposite of austerity is waste, that is why austerity is a virtue, which allows the individual to control their expenses, since no one should acquire debts for owning goods or a luxury lifestyle that at a certain moment of your life cannot acquire.

In reference to the above, the same happens in political life, since a country must encourage the promotion of wealth through different financial policies and not through debts with foreign countries that cause the ruin of a country.

Economic austerity

Economic austerity is a type of policy used by governments in economic crisis, in which it consists of reducing the public deficit through the reduction of public services and benefits granted to the people, achieving deflation of expenses and increasing the payment of imposed by individuals.

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