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a process or mechanism in which changes are irreversible or only move in one direction (often upward), so that each step remains even if conditions reverse.

Meanings

a process or mechanism in which changes are irreversible or only move in one direction (often upward), so that each step remains even if conditions reverse.

The policy created a ratchet effect, making costs permanently higher.

Synonyms

Last updated: 2025/12/20 21:31