Unreasonable neglect is a legal term for gross negligence.
Unreasonable neglect is a very serious accusation, indicating that a person behaved recklessly.
With respect to finance, financial advisers or employees of financial firms who show willful disregard for either the rules or the interests of their clients can be accused of wanton disregard.
“Best Effort” is a legal term that represents the obligation of a party to a contract to take all possible steps to fulfill the terms of the agreement.
Disequilibrium is when external forces cause an imbalance between supply and demand in the market. In response, the market enters a state in which supply and demand do not match.
Economic equilibrium is a state in which market forces are balanced, a concept borrowed from the physical sciences, where observable physical forces can balance each other.
An economist is an expert who studies the relationship between a society’s resources and its production or output, using a number of different indicators to predict future trends.
A trade-off between equity and efficiency arises when there is some conflict between maximizing net economic efficiency and achieving other social goals.