austerity β Austerity is a situation in which people's living standards are reduced because of economic difficulties.
conservatism β Conservatism is a political philosophy which believes that if changes need to be made to society, they should be made gradually. You can also refer to the political beliefs of a conservative party in a particular country as Conservatism.
constraint β A constraint is something that limits or controls what you can do.
control β Control of an organization, place, or system is the power to make all the important decisions about the way that it is run.
discretion β the power or right to decide or act according to one's own judgment; freedom of judgment or choice: It is entirely within my discretion whether I will go or stay.
forbearance β the act of forbearing; a refraining from something.
forgoing β to abstain or refrain from; do without.
frugality β the quality of being frugal, or prudent in saving; the lack of wastefulness: Many people who have lived through periods of economic deprivation develop lifelong habits of frugality and are almost never tempted by wasteful consumption.
measure β a unit or standard of measurement: weights and measures.
stoicism β a systematic philosophy, dating from around 300 b.c., that held the principles of logical thought to reflect a cosmic reason instantiated in nature.
teetotalism β the principle or practice of total abstinence from intoxicating drink.