Deadweight Loss
The costs to society created by an inefficiency in the market.

Investopedia Says:
Mainly used in economics, the term "deadweight loss" can be applied to any deficiency due to an inefficient allocation of resources. Lost production due to inaccurate forecasting for labor is an example of a deadweight loss.

Related Terms:
Dismal Science
Economics
Equilibrium
Keynesian Economics
Laissez Faire
Living Wage
Macroeconomics
Microeconomics

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