👉 A deflator is a type of plastic that is used to create a seal around an opening, often in medical devices or engineering applications. The term "deflator" is derived from the Latin word "defalis," which means "to reduce." In the context of engineering and manufacturing, it refers to a device designed to prevent leaks or other defects within a closed system.
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What is the definition of Deflator? 🙋
👉 The term "deflator" is a technical term in the field of economics and accounting used to describe an indicator that measures the effectiveness of an organization's cost control efforts. It refers to a measure that compares the actual costs incurred by the organization with the budgeted costs, or other financial metrics, to assess its performance against its management objectives. The deflator is calculated by dividing the actual costs by the budgeted costs and then converting this ratio into a percentage. The higher the deflator, the
