Meaning of “shrinkage” in the English Dictionary

"shrinkage" in American English

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shrinkagenoun [ U ]

us /ˈʃrɪŋ·kɪdʒ/

the act or process of becoming smaller:

Financial support for the university has undergone substantial shrinkage.

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

"shrinkage" in Business English

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shrinkagenoun [ U ]

uk /ˈʃrɪŋkɪdʒ/ us

the process or amount by which something becomes smaller or less:

Conservatives are not happy about the private sector's shrinkage and the public sector's expansion.
shrinkage in sth A permanent shrinkage in supplies would severely damage today's oil-based economy.
shrinkage of sth He expects employment to grow by 1.9% this year compared to a shrinkage of 0.4% last year.
sales/deficit/brand shrinkage Two years of double-digit sales shrinkage have hurt the industry.

COMMERCE the loss of goods for sale because of damage, stealing, etc.:

The retailer's stores lose about $1m a week from shrinkage.
inventory/stock shrinkage

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