Meaning of “erosion” in the English Dictionary

"erosion" in American English

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erosionnoun [ U ]

us /ɪˈroʊ·ʒən/

the weakening or damage done to something by a series of gradual losses of parts of it:

an erosion of academic standards

earth science Erosion of a natural feature or physical object is damage caused by the effect of weather:

soil erosion
erosional
adjective /ɪˈroʊ·ʒə·nəl/ earth science

(Definition of “erosion” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"erosion" in Business English

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erosionnoun [ U ]

uk /ɪˈrəʊʒən/ us

the gradual reduction or destruction of something:

erosion of sth Investors may have seen some erosion of capital over the year.
erosion in sth The effect of this is that the erosion in the relative value of the pension will continue.
price/jobs erosion Intense competition and price erosion will force the company to cut 10% of its global workforce.

(Definition of “erosion” from the Cambridge Business English Dictionary © Cambridge University Press)