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词汇 ratchet effect
释义

Definition of ratchet effect in English:

ratchet effect

noun
Economics
  • An effect whereby a trend or tendency in cost, demand, etc., is maintained incrementally so that it becomes, or appears to become, irreversible; also in extended use.

Origin

1950s.

Definition of ratchet effect in US English:

ratchet effect

noun
Economics
  • An effect whereby a trend or tendency in cost, demand, etc., is maintained incrementally so that it becomes, or appears to become, irreversible; also in extended use.

Origin

1950s.

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