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Allocation of resources

 
Britannica Concise Encyclopedia: allocation of resources
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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.

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Business Dictionary: Allocation of Resources
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Central subject of economics: manner in which scarce factors of production are apportioned among producers, and in which scarce goods are apportioned among customers.

Wikipedia: Allocation of resources
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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).

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Britannica Concise Encyclopedia. Britannica Concise Encyclopedia. © 2006 Encyclopædia Britannica, Inc. All rights reserved.  Read more
Business Dictionary. Dictionary of Business Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more
Wikipedia. This article is licensed under the Creative Commons Attribution/Share-Alike License. It uses material from the Wikipedia article "Allocation of resources".  Read more