Allocative
Pronunciation: /ˈæɫˈɫoʊkəˈtiˈvi/
Allocative (adj)
- Relating to how resources are shared among different uses to achieve the best overall results.
- Used for decisions that aim to send goods, services, or money to the areas where they are most needed.
- Relating to whether a market system directs production toward what people value most.
Allocative (adjective)
Examples
- The plan improves allocative resource distribution across different neighborhoods.
- Good allocative decisions support fair resource distribution in the community.