Synonyms:
Welfare loss (福利净损失 fúlì jìng sǔnshī)
Deadweight loss (无谓损失 wúwèi sǔnshī) occurs due to market inefficiency. Market is inefficient when supply and demand are out of equilibrium.
- 无 (wú) as in not interesting (无趣 wúqù), no taste (无味 wúwèi) or no sound (无声 wúshēng).
- 谓 (wèi) as in saying (所谓 suǒwèi), appellation (称谓 chēngwèi) or meaning/sense (无谓 wúwèi).
- 损失 (sǔnshī) as in memory loss (记忆损失 jìyìsǔnshī) or time loss (时间损失 shíjiān sǔnshī).
Deadweight loss (无谓损失 wúwèi sǔnshī) word examples:
- Deadweight loss of consumer surplus (消费者盈余无谓损失 xiāofèizhě wúwèi sǔnshī).
- Deadweight economic loss (经济无谓损失 jīngjì wúwèi sǔnshī).
- Deadweight loss effect (无谓损失效应 wúwèi sǔnshī xiàoyìng).