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Definition of the adjective Allocative
What does Allocative mean as an attribute of a noun?
- Of or pertaining to the allocation of resources
Printed dictionaries and other books with definitions for Allocative
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by Dominic J. Brewer, Lawrence O. Picus
Allocative efficiency occurs when markets optimally distribute goods and services taking into account consumers' preferences, sothatthe level ofoutput demandedby society issatisfied by the firmsin the market. Allocative efficiency represents ...
An Encyclopedia of Behavioral Economics by Morris Altman
AlloCAtIve eFFICIenCy And X-eFFICIenCy 7 the difference between the market price and the price at which a firm is willing to supply a commodity, are maximized. When an economy is allocatively efficient, it is not possible to make one person ...
The Cambridge Rawls Lexicon (2014)
by Jon Mandle, David A. Reidy
These differences make the problem of distributive justice distinct from that of allocative justice, and Rawls goes on to interpret the problem of distributive justice as one of pure procedural justice. Rawls notes two values that might be held ...
by Helmut K. Anheier
Allocative efficiency, also referred to as Pareto efficiency or Pareto optimality, is a term used in welfare economics and game theory to describe the allocation of scarce resources in such a way that no reallocation could make any individual ...
by Michael W. Kattan
Booms and Busts: An Encyclopedia of Economic History from the First Stock Market Crash of 1792 to the Current Global Economic Crisis (2015)
An Encyclopedia of Economic History from the First Stock Market Crash of 1792 to the Current Global Economic Crisis by Mehmet Odekon
At the outset, this process should embrace basic productive efficiency, so that goods and services are produced at minimum cost, and the broader concept of allocative efficiency, so that an efficient mix of goods and services is delivered to ...
Two concepts are important for ensuring overall efficiency: production and allocative efficiency. Production efficiency addresses the issue of using optimal combinations of resources to maximize health output. It is about choosing different ...
by Anthony J. Culyer
Allocative. Efficiency. A situation in which resources are allocated to production processes and the outputs ofthose processes to consumers or clients so as to maximize the net benefit to society. Pareto efficiency is a specific form of it.
by John Owen Edward Clark
allocative. efficiency. 1. 5. Civil Aviation Authority) in order to operate charter or scheduled fligbts. air waybill (AWB) Document that accompanies goods shipped by air, itemizing the goods and constituting evidence of a contract to make the ...
by Charles Rowley, Friedrich Schneider
Thus, all orthodox theories of regulation are inevitably concerned with tradeoffs between productive efficiency, allocative efficiency and sustainability. There is a second, perhaps more serious, problem confronting the regulators. The ostensible ...
by Gambhir Bhatta
Allocative efficiency: Also known as Pareto efficiency, this concept refers to an allocation of resources where no individual's position can be improved without worsening the position of another person. Likewise, a market is characterized by ...
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Video about Allocative
Video shows what allocative means. Of or pertaining to the allocation of resources. Allocative Meaning. How to pronounce, definition audio dictionary. How to ...
Scrabble value of A1L1L1O1C3A1T1I1V4E1
The value of this 10-letter word is 15 points, but it's not an accepted word in the Official Scrabble Players Dictionary.
Anagrams of ALLOCATIVE
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