MEANING
Concerned with the allocation of resources among different uses, activities or recipients.
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Words that belong together
- allocative efficiency
- allocative decision
On the page
Allocative efficiency depended on how the available resources matched the relevant demands.
The allocative decision favored expansion over maintenance of existing services.
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Word forms
- Base
- allocative
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Usage notes
Primary category: economics / business / social science. Forms: Relational adjective; compare degree only where the context genuinely concerns the strength of the relevant characteristic. Legacy lexical fields mirror sense 1 only. Use numbered sense fields for all meanings. Established modern English lexical item. No separate regional spelling or grammatical inflection entry. Writing functions: economic explanation, resource analysis, incentive analysis, comparison. Disciplines: economics, business, social science. Commonness: uncommon.
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