Economics A-Level
Deadweight welfare loss
What Deadweight welfare loss means in Economics A-Level, as defined for AQA.
Definition of Deadweight welfare loss
Check what you remember
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Reference: AQA
Shown by two triangles representing production inefficiencies and lost consumer utility, shaded to highlight the welfare effects of a tariff.
Topics that use Deadweight welfare loss
- Trade (AQA A-Level)
Related terms
- Comparative advantage
- Economic efficiency
- Economic integration
- Economies of scale
- Export subsidies
- Gains from trade
- Government tariff revenue
- International trade
Using Deadweight welfare loss in the exam
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