- slackness
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1. COMMERCE a slack period of time is one with less business activity than usual:
• Business is slack just now.
• The workers feared being laid off (= losing their jobs ) in slack periods.
2. if someone is being slack, they are not taking enough care or making enough effort to do things right:• The report criticized airport security as “disgracefully slack”.
• High prices and the absence of competition may make firms slack in their use of resources.
— slackness noun [uncountable] :• the slackness of the London market at present
• The report accuses the government of slackness.
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Ⅰ.slack UK US /slæk/ adjective► if business or economic activity is slack, there is less activity than usual: »He wanted to sell some of his rental homes, but the region's slack economy stopped him.
»May was a very slack month for the entire industry.
»slack market/demand/sales
slack time/period »Summer is usually a slack time for energy demand.
► something that is slack is not strict or effective enough: »Experts say that slacker financial controls may be to blame.
»There were claims in the media of slack corporate governance.
► someone who is slack is not working hard enough or spending enough time or care on something: »Businesses that shout loudest about delayed payments are often the worst slack payers.
be slack with something »She's always been a bit slack with her accounts.
Ⅱ.slack UK US /slæk/ noun [U]► resources, such as money, people, or time, that are not being used at a particular time: »At the moment we have very little slack for dealing with emergencies.
slack in something »Anne and Bill didn't have enough slack in their household budget.
slackness noun [U]► »There has been some slackness in the labor market this quarter.
Financial and business terms. 2012.