Deadweight Loss

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Deadweight Loss

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

Notes:

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.

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Such use of the producer's gain is, economically speaking, waste and actually adds to the total real deadweight loss to the economy.

Four variables and a theory: an equation for health care by McLeod, Alexander C. / Physician Executive

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