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allocative

 

Definitions from the Web

Allocative


Definition

Adjective

Relating to or involving the allocation of resources or goods.


Senses

Sense 1

Relating to the distribution or assignment of resources with the aim of meeting certain goals or needs.

Example sentence:

The government implemented an allocative policy to prioritize the distribution of medical supplies to areas affected by the pandemic.

Sense 2

Relating to the allocation of goods or resources based on economic factors such as supply and demand.

Example sentence:

The market economy operates on the principles of allocative efficiency, where prices are determined by the equilibrium of supply and demand.


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