AskDefine | Define retrench

Dictionary Definition

retrench

Verb

1 tighten one's belt; use resources carefully
2 make a reduction, as in one's workforce; "The company had to retrench"

User Contributed Dictionary

English

Verb

  1. To cut down or reduce something

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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