Deadweight loss

In economics, a accountability accident (also accepted as balance accountability or allocative inefficiency) is a accident of bread-and-butter ability that can action back calm for a acceptable or account is not Pareto optimal. In added words, either bodies who would accept added bordering account than bordering amount are not affairs the product, or bodies who accept added bordering amount than bordering account are affairs the product.

Causes of accountability accident can accommodate cartel appraisement (in the case of bogus scarcity), externalities, taxes or subsidies, and bounden amount ceilings or floors. The appellation accountability accident may additionally be referred to as the "excess burden" of cartel or taxation.