单词 | ratchet effect |
释义 | ratchet effect in British Englishnoun economics an effect that occurs when a price or wage increases as a result of temporary pressure but fails to fall back when the pressure is removed ratchet effect in American Englishnoun intermittent growth, increase, expansion, or the like the ratchet effect of defense expenditures Word origin [1965–70]This word is first recorded in the period 1965–70. Other words that entered Englishat around the same time include: Finlandization, genetic engineering, isometric exercise, stun gun, wraparoundExamples of 'ratchet effect' in a sentence |
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