mechanism

mechanism mech‧a‧nis‧m [ˈmekənɪzm] noun [countable]
a system used to achieve something or deal with a problem:

• The increased lending can be done through existing lending mechanisms.

• There is a move to introduce free-market mechanisms in the airline sector.

mechanism for

• At present there is no satisfactory mechanism for settling disputes.

ˈprice ˌmechanism also ˈmarket ˌmechanism ECONOMICS
the way in which changes in prices influence the production of goods and services and the demand for them:

• The price mechanism is one of the most fundamental parts of a free market economy.

* * *

mechanism UK US /ˈmekənɪzəm/ noun [C]
a part of a machine, or a set of parts that work together: »

The elevator has a safety mechanism which prevents it from falling.

a way of doing something that is planned or part of a system: a mechanism to do sth »

We need to develop a mechanism to keep freelancers supplied with work.

»

The book proposes a mechanism for resolving work disputes.

»

a defence/coping/survival mechanism

»

an effective/elaborate/useful mechanism

»

a control/monitoring mechanism

See also EXCHANGE RATE MECHANISM(Cf. exchange rate mechanism), PRICE MECHANISM(Cf. ↑price mechanism)

Financial and business terms. 2012.

Synonyms:

Look at other dictionaries:

  • Mechanism — • There is no constant meaning in the history of philosophy for the word Mechanism. Originally, the term meant that cosmological theory which ascribes the motion and changes of the world to some external force Catholic Encyclopedia. Kevin Knight …   Catholic encyclopedia

  • Mechanism — may refer to: Mechanism (engineering), rigid bodies connected by joints in order to accomplish a desired force and/or motion transmission Mechanism (biology), explaining how a feature is created Mechanism (philosophy), a theory that all natural… …   Wikipedia

  • Mechanism — Mech an*ism, n. [Cf. F. m[ e]canisme, L. mechanisma. See {Mechanic}.] 1. The arrangement or relation of the parts of a machine; the parts of a machine, taken collectively; the arrangement or relation of the parts of anything as adapted to produce …   The Collaborative International Dictionary of English

  • mechanism — [mek′ə niz΄əm] n. [ModL mechanismus < Gr mēchanē, MACHINE] 1. the working parts or arrangement of parts of a machine; works [the mechanism of a clock] 2. a) a system whose parts work together like those of a machine [the mechanism of the… …   English World dictionary

  • mechanism — [n1] machine, device apparatus, appliance, black box*, components, contrivance, doohickey*, gadget, gears, gimmick, innards, instrument, machinery, motor, structure, system, tool, workings, works; concept 463 mechanism [n2] means, method agency,… …   New thesaurus

  • mechanism — index appliance, contrivance, expedient, facility (instrumentality), forum (medium), instrument ( …   Law dictionary

  • mechanism — 1660s, from Mod.L. mechanismus, from Gk. mekhane machine, instrument (see MACHINE (Cf. machine) (n.)) …   Etymology dictionary

  • mechanism — *machine, machinery, apparatus, engine, motor …   New Dictionary of Synonyms

  • mechanism — ► NOUN 1) a piece of machinery. 2) the way in which something works or is brought about …   English terms dictionary

  • mechanism — noun 1 part of a machine ADJECTIVE ▪ firing, locking, steering, trigger, winding VERB + MECHANISM ▪ activate ▪ This ac …   Collocations dictionary

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