socially wasteful competition

socially wasteful competition
эк. социально-расточительная конкуренция (конкуренция, вызывающая непроизводительное расходование ресурсов, что снижает общественное благосостояние)

This leads to socially wasteful competition since resources are devoted to rent-seeking activities rather than being productively used elsewhere. — Это ведет к социально-расточительной конкуренции, поскольку ресурсы направляются на поиск ренты, а не на производительное использование в какой-л. отрасли.

See:

Англо-русский экономический словарь.

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