Concept information
Preferred term
deadweight loss
Definition(s)
- A deadweight loss indicates the amount of economic welfare lost to the economy due to either (1) a market failure or (2) interference by government in an otherwise efficient marketplace. The deadweight loss comes at the expense of consumer or producer welfare, or both (in varying degrees). [Source: Encyclopedia of Business Ethics and Society; Deadweight Loss]
Broader concept(s)
Belongs to group
URI
http://data.loterre.fr/ark:/67375/N9J-NFGBNL6N-X
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