devaluation
noun
- Reduction in value of a currency with respect to anything which it can be exchanged for
- act or process of lessening the value, worth, or importance of
Wiktionary
noun
Etymology: Etymology tree Proto-Indo-European *de Proto-Indo-European *-h₁ Proto-Indo-European *déh₁ Proto-Italic *dē Latin dē Latin dē-der. English de- English valuation English devaluation From de- + valuation.
- The removal or lessening of something's value.
“According to Braverman's thesis, Taylorism, or scientific management, has been the key feature in the devaluation and dequalification of work.”
- The intentional or deliberate lowering of a currency's value compared to another country's currency or a standard value (e.g. the price of gold).
- Depreciation.