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Reduction
/rɪˈdʌkʃən/
The act or process of making something smaller or less in size, amount, or degree.
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Examples:
We hope for a reduction in prices soon.The reduction of waste helps protect our planet.
Etymology:
Originates from the early 14th century, from Old French reduction, and directly from Latin reductionem, the noun of action from reducere, meaning to bring back or bring down.