Allocation of resources

Allocation of resources,

Definition of Allocation of resources:

  1. Analysis of distribution of rare resources (factors of production) in production and distribution of rare goods and services to consumers. This analysis takes into account accounting costs, financial costs, opportunity costs and other costs of resources, goods and services. Resource allocation is a major problem of allocated economics (which is primarily an investigation of resource allocation) and is associated with economic efficiency and maximum efficiency.

Meaning of Allocation of resources & Allocation of resources Definition