shrinkage

/ˈʃrɪŋkɪdʒ/
noun
  1. The process or amount of becoming smaller in size, volume, or weight.
    • The shrinkage of the wool sweater after washing was disappointing.
    • The company reported a 5% shrinkage in the fabric after the first wash.
    • Farmers measure the shrinkage of crops as they dry in the sun.
  2. A reduction in the amount or value of something, such as inventory, profits, or population.
    • Economic shrinkage has led to fewer jobs in the region.
    • The store experienced significant shrinkage due to theft and damaged goods.
    • The shrinkage of the forest area is a major environmental concern.
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