Meaning of the word "a leveling out" in English

What does "a leveling out" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

a leveling out

US /ə ˈlɛvəlɪŋ aʊt/
UK /ə ˈlɛvəlɪŋ aʊt/

Phrase

a situation in which differences or fluctuations become less pronounced or disappear

Example:
After the initial surge, there was a leveling out of prices.
The goal is a leveling out of opportunities for all students.