resource allocation

resource allocation definition - business

resource allocation

The manner in which scarce resources are distributed. From a business standpoint, this relates to how management distributes capital among its various operations. From a consumer's viewpoint, resource allocation relates to how goods and services are distributed among consumers. Efficient resource allocation results in a more productive economy. Also called allocation of resources.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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