What does the word Misallocate mean?
What does the word Misallocate mean?
: the act or an instance of misallocating something (such as money or resources) : poor or improper allocation misallocation of tax dollars And there are many who would say that any interference with a free market system … inevitably results in misallocations of resources just because planners cannot be omniscient.
Is Misallocate a word?
verb (used with object), mis·al·lo·cat·ed, mis·al·lo·cat·ing. to allocate mistakenly or improperly: to misallocate resources.
What does it mean by a misallocation of resources?
Resource misallocation denotes a situation in which capital and labor are poorly distributed so that less productive firms receive a larger share of capital and labor than they should according to their level of productivity.
What is income maldistribution?
Inadequate or faulty distribution, as of wealth or income among people.
What is the meaning of misappropriation of funds?
In law, misappropriation may be defined as “[t]he unauthorized, improper, or unlawful use of funds or other property for purposes other than that for which intended.” Misappropriation commonly refers to situations in which the offending party has an added measure of responsibility, such as misconduct by a public …
What is capital misallocation?
Capital misallocation, the allocation of capital to plants with lower rather than higher returns to capital, can reduce aggregate total factor productivity (TFP), explaining a large part of cross-country TFP differences.
Is market failure a misallocation of resources?
Market failure occurs whenever a market leads to a misallocation of resources. A misallocation of resources is when resources are not allocated to the best interests of society. Economic and social welfare is not maximised where there is market failure.
What does Misdistribution mean?
Definition of misdistribution : the act, action, or result of inequitable, inefficient, or unfair distribution misdistribution of wealth among the population.
What is called poverty?
Poverty is about not having enough money to meet basic needs including food, clothing and shelter. However, poverty is more, much more than just not having enough money. The World Bank Organization describes poverty in this way: Poverty is not having a job, is fear for the future, living one day at a time.
What do you think misappropriated means?
: to appropriate wrongfully or unlawfully (as by theft or embezzlement) Other Words from misappropriate. misappropriation \ -ˌprō-prē-ˈā-shən \ noun.
What do you mean by expropriate?
Expropriation is the act of a government claiming privately owned property against the wishes of the owners, ostensibly to be used for the benefit of the overall public. In the United States, properties are most often expropriated in order to build highways, railroads, airports, or other infrastructure projects.
