Show Summary Details

Quick Reference

Refraining from, or at least postponing, consumption which could have been undertaken immediately. 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.

Subjects: Economics.

Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.