IPA: /ˌmɪs.əˈlæk.eɪ.ʃən/
KK: /ˌmɪs.əˈlɪ.keɪ.ʃən/
A situation where resources, especially money, are not distributed in the best way, leading to waste or inefficiency.
The misallocation of funds led to several important projects being underfunded.
Misallocation → It is formed from "mis-" (meaning wrongly) and "allocation" (from Latin "allocare", meaning to assign or distribute). The word refers to the act of wrongly assigning or distributing resources or responsibilities.
Think of 'mis-' meaning wrongly, and 'allocation' meaning to assign. This helps you remember that misallocation means assigning something incorrectly.