Home > The Oxford Dictionary of Economics > abstinence
abstinence
abstinenceRefraining from or at least postponing consumption which could have been afforded. Where the funds not being spent arise from current income, abstinence is thus the same as saving; but the term also covers refraining from running down past savings or spending windfall gains.
Join eNotes
Over 3,500 study guides, question and answer forums, literature criticism, reference content, and much more!
Oxford University Press Titles
- The Concise Oxford Dictionary of Archaeology
- The Oxford Dictionary of Economics
- The Oxford Companion to American Literature
- The Oxford Companion to American Military History
- The Oxford Companion to Classical Civilization
- The Oxford Companion to English Literature
- The Oxford Companion to Fairy Tales
- The Oxford Companion to Shakespeare
- The Oxford Dictionary of Plays
- The Oxford Dictionary of Art
- Oxford Dictionary of Sociology
- Oxford Dictionary of World History
- Oxford Dictionary of World Mythology
