Definition, Meaning & Synonyms

economic-dislocation

noun

ˌiː.kəˈnɒm.ɪk ˌdɪs.loʊˈkeɪ.ʃən

Definition

Economic dislocation refers to the disturbance or disruption of an economy’s normal functioning, often resulting from significant changes such as shifts in market conditions, policy changes, or external shocks.

Examples

The recession caused significant economic dislocation, leading to increased unemployment rates.
Natural disasters can lead to economic dislocation, affecting local businesses and livelihoods.
Trade wars often result in economic dislocation, altering supply chains and market dynamics.

Meaning

It describes the situation where there is a disturbance in the typical production and consumption patterns within an economy, possibly leading to unemployment and a decline in economic growth.