| 释义 |
Definition of ratchet effect in English: ratchet effectnoun Economics An effect whereby a trend or tendency in cost, demand, etc., is maintained incrementally so that it becomes, or appears to become, irreversible; also in extended use. Definition of ratchet effect in US English: ratchet effectnoun Economics An effect whereby a trend or tendency in cost, demand, etc., is maintained incrementally so that it becomes, or appears to become, irreversible; also in extended use. |