Resource allocation
Definition: A particular use of land, labour, capital and entrepreneurs
Related glossary term: ...
Resource allocation The assignment of resources to specific uses by determining what will be produced, how it will be produced, and for whom it will be produced.
Resources Items used to produce goods and services.
[edit] Resource Allocation Based on Events
One potential event is the reassignment of a resource from one activity to another, which can occur under certain conditions.
RESOURCE ALLOCATION: The process of dividing up and distributing available, limited resources to competing, alternative uses that satisfy unlimited wants and needs.
finance A branch of economics concerned with resource allocation as well as resource... finance charge Any charge for credit. finance company A firm which makes loans to individuals and/or businesses. financial Pertaining to finance.
Thus, the auction process facilitates the determination of a system of resource allocation and of a price that must correspond to the benefit of enjoying a good, and /or of receiving a service, and /or of acquiring a right.
Regardless of whether it is the exception or the rule, the favorable market conditions of the late 1990s for technology and Internet-based stocks illustrate the stock market's critical role in resource allocation.
Once the plan for resource allocation is determined, a good manager will close ranks behind the overall plan and move ahead to maximize results for the overall entity.
distributed resource allocation
Related topics: History of Economic Thought, Emergence of early capitalism.
Related words: capitalist.
Economics is the study of resource allocation among agents with optimizing behavior.
The Classic Economic Models collection emphasizes the role of economic models in describing that behavior.
A graphical approach to resource allocation within a multi-segmented corporation.
Understanding The Income Statement
Introduction To Fundamental Analysis ...
Principal-agent problem - The problem of resource allocation that arises because contracts that will induce agents to act in their principals' best interests are generally impossible to write or too costly to monitor.
Generally, antitrust laws and other competition laws and policies focus on efficient resource allocation at the national level.
BCG Growth Share Matrix - A graphical approach to resource allocation within a multi-segmented corporation.
Market Economy - An economy in which resource allocations, prices and other marketing decisions are primarily determined by the free market.
in how he/she interacts with other stakeholders in the organization;
it influences the way the firm engages in transactions and
is manifested in managerial decisions, interpersonal and
interorganizational relationships, and resource allocations ...
Visible Hand The phrase comes from Adam Smith's "Invisible Hand," whereby markets alone do the job of resource allocation.
The equality of price with social marginal cost, by aligning the interest of the buyer with the interest of the community as a whole is a necessary condition for economically efficient resource allocation.
This encourages nonprice competition, through advertising, packaging, and service-a generally nonproductive form of resource allocation. Two examples of oligopoly in the United States are airlines serving the same routes and tobacco companies.
 See also: Expense, Feedback, Values, Administration, Banks
  
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