Definition of Allocative efficiency:
Alternative term for economic efficiency.
How to use Allocative efficiency in a sentence?
- By using allocative efficiency methods in its human resources department, the company saved money on office supplies and streamlined its candidate interview process.
- The allocative efficiency achieved by the new team in the department was outstanding and set a new record for our firm.
- If you want to figure out if you should proceed with a certain product you must be able to predict its allocative efficiency .
Meaning of Allocative efficiency & Allocative efficiency Definition