economic inefficiency

Frequency: 8.04.5 per million words

a situation where resources are not being used to their full potential to produce goods and services

inefficiencyADJECTIVE + inefficiency

Categories:

economic

Examples (10)

  • The government's policies often lead to widespread economic inefficiency.
  • Addressing economic inefficiency is crucial for sustainable development.
  • Many developing nations struggle with persistent economic inefficiency due to outdated systems.
  • Subsidies can sometimes contribute to economic inefficiency in certain markets.
  • Technological advancements are key to reducing economic inefficiency across industries.
  • The report highlighted the severe impact of economic inefficiency on resource allocation.
  • Market failures frequently result in economic inefficiency, hindering overall welfare.
  • Over-regulation can be a major cause of economic inefficiency and slow growth.
  • Economists are constantly seeking ways to minimize economic inefficiency and optimize production.
  • The company's outdated processes fostered significant economic inefficiency, impacting profitability.