Meaning of “dislocation” in the English Dictionary

"dislocation" in Business English

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dislocationnoun [ C or U ]

uk /ˌdɪsləʊˈkeɪʃən/ us ECONOMICS

a situation in which a person or thing, such as an industry or economy, is no longer working in the usual way or place:

There is a lot of dislocation, and we have increasing numbers of families who are falling into hard times.
economic/market dislocation There are fears that globalization is causing serious economic dislocation as competition intensifies and trade imbalances grow.

The agency is determining how the meltdown in the local steel industry will translate into dislocated workers in other industries.

(Definition of “dislocation” from the Cambridge Business English Dictionary © Cambridge University Press)