economic loss

Language: en

📖 Definitions

  1. The reduction in wealth, assets, or profit experienced by an individual, business, or organization, often due to specific events or circumstances.; A decrease in the overall economic productivity, value, or wealth of a nation, region, or entire economy.

💬 Examples

  1. The implementation of emergency power rations has caused widespread inconvenience and economic loss.

  2. The prolonged pandemic resulted in a massive economic loss for the global market.