Government waste implies that the public sector is not producing as many services as it could with the resources at its disposal.
Government waste causes an economy to produce less than its potential.

Question

Quizplus · Accepted Answer

Government waste means that resources are being misallocated or used inefficiently, leading to a decrease in the output of goods and services. This can ultimately result in the economy producing less than its potential.

Government Waste Implies That the Public Sector Is Not Producing