Meaning of the word cheapen in English

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

cheapen

US /ˈtʃiː.pən/
UK /ˈtʃiː.pən/
"cheapen" picture

Verb

1.

to lower the quality, value, or dignity of someone or something

Example:
The constant scandals only serve to cheapen the office of the presidency.
I didn't want to cheapen the moment by talking about money.
2.

to reduce the price of something

Example:
The influx of mass-produced goods has cheapened the market.
New technology tends to cheapen production costs over time.