allocation of resources

allocation of resources
Apportionment of productive assets among different uses.

The issue of resource allocation arises as societies seek to balance limited resources (capital, labour, land) against the various and often unlimited wants of their members. Mechanisms of resource allocation include the price system in free-market economies and government planning, either in state-run economies or in the public sectors of mixed economies. The aim is always to allocate resources in such a way as to obtain the maximum possible output from a given combination of resources.

* * *

      apportionment of productive assets among different uses. Resource allocation arises as an issue because the resources of a society are in limited supply, whereas human wants are usually unlimited, and because any given resource can have many alternative uses.

      In free-enterprise systems, the price system is the primary mechanism through which resources are distributed among the uses most desired by consumers. In planned economies and in the public sectors of mixed economies, the decisions regarding resource distribution are political. Within the limits of existing technology, the aim of any economizing agency is to allocate resources in a manner that obtains the maximum possible output from a given combination of resources. (See distribution theory; productivity.)

* * *


Universalium. 2010.

Игры ⚽ Поможем написать реферат

Look at other dictionaries:

  • Allocation of resources — A description of the mechanics of investment; where one applies one s goods (for greatest possible future gain); how one disposes of one s resources (for greatest possible effect).ee also*Project planning *Project management *Earned value… …   Wikipedia

  • allocation of resources — noun the mechanics of investment; where one applies ones goods (for greatest possible future gain); how one disposes of ones resources (for greatest possible effect). Often used as a term in conjunction with economics …   Wiktionary

  • Allocation — may refer to:* Computers ** Delayed allocation ** Block allocation map ** FAT ** IP address allocation ** Memory allocation ** No write allocation ** Register allocation * Economics ** Economic system ** Asset allocation ** Allocation of… …   Wikipedia

  • allocation — noun 1) the efficient allocation of resources Syn: allotment, assignment, distribution, apportionment, sharing out, handing out, dealing out, doling out, giving out, dishing out, parceling out, rationing out, dividing up/out; informal divvying up …   Thesaurus of popular words

  • allocation — noun 1) the efficient allocation of resources Syn: allotment, assignment, distribution, sharing out, doling out, giving out 2) our annual allocation of funds Syn: allowance, allotment, consignment, quota …   Synonyms and antonyms dictionary

  • allocation — Often in open outcry markets the trader who has effected a bargain is not the owner of the trade, having initiated it on behalf of another firm. Allocation refers to the process of allocating, or giving up the trade within the Trade Registration… …   Financial and business terms

  • allocation — [[t]æ̱ləke͟ɪʃ(ə)n[/t]] allocations 1) N COUNT An allocation is an amount of something, especially money, that is given to a particular person or used for a particular purpose. A State Department spokeswoman said that the aid allocation for… …   English dictionary

  • allocation — In a general sense, distribution of limited resources among competing requirements for employment. Specific allocations (e.g., air sorties, nuclear weapons, forces, and transportation) are described as allocation of air sorties, nuclear weapons,… …   Military dictionary

  • allocation — noun The process or procedure for allocating things, especially money or other resources. The allocation of new permits is on a first come, first served basis …   Wiktionary

  • static allocation — allocation of resources (usually memory) before running a program (Computers) …   English contemporary dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”