Definition of "misallocation" [misallocation]

• An improper or unwise allocation, especially of money (noun)

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• "Build America Bonds have worsened what economists describe as a misallocation of resources that results from municipal debt's favored status."
• "This should not be taken to imply that administrative allocations are inevitably worse -- a market has costs, and if those costs exceed the value, then markets result in misallocation."
• "This Time treatment arrives on the same day Nick Kristof, a longtime defender of global women's issues, in The New York TImes took a quite different approach, highlighting the gross "misallocation" of U.S. resources to the war when our own country is suffering from horrendous unemployment and a cracking educational system, among other woes."