Definition of allocation in English:

allocation

Line breaks: al¦lo|ca¦tion
Pronunciation: /aləˈkeɪʃ(ə)n
 
/

noun

[mass noun]

Derivatives

allocative

adjective (chiefly Economics )
More example sentences
  • Such behaviour is so odious because it brings little allocative benefit - no significant increase in supply in the short run - and carries a huge distributive cost, as those with resources take advantage of those without.
  • Indeed, there are an infinite number of option implementations that produce the same allocative equilibrium, but merely divide the expected payoffs differently between the disputants.
  • Road pricing is a radical solution that primarily is about securing allocative efficiency of scarce resources, namely road space.

Origin

late Middle English: from medieval Latin allocatio(n-), from the verb allocare (see allocate).

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