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Meaning ofallocation of resource ?

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Meaning ofallocation of resource ?
  • 2 answers

Gaurav Mukesh 6 years, 11 months ago

Allocation of resourses: To achieve social and economic objectives government can influence allocation of resourses through direct participation tax and subsidies government provide more resorces into socially productive area private sector initiative is not forthcoming,e.g.,public sanitation, rural electrification, education, health,etc.

Gaurav Seth 6 years, 11 months ago

In economics, resource allocation is the assignment of available resources to various uses. In the context of an entire economy, resources can be allocated by various means, such as markets or central planning.

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