What is another word for austerity?
Pronunciation: [ɔːstˈɛɹɪti] (IPA) 
Austerity is often associated with a period of economic decline, when governments are forced to reduce spending and adopt strict fiscal policies to tackle budget deficits. However, there are many other words that can be used to convey the same sense of restriction or constraint, including frugality, parsimony, thrift, restraint, simplicity and moderation. These synonyms suggest a voluntary or deliberate choice to limit consumption or expenditures, rather than the necessity of a tough economic situation. They can also connote a sense of discipline, prudence or self-control, and may be seen as positive values in their own right, rather than mere austerity measures.
