Slack

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Updated: Aug 20, 2021

Unused or under-used resources. Organizational slack occurs when firms or government bodies have more employees, equipment, or buildings than they really need. Most organizations contain some slack: when demand varies, it is difficult to distinguish slack from necessary spare capacity.

Reference: Oxford Press Dictonary of Economics, 5th edt.



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James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.