Definition of allocative in English:

allocative

adjective

Economics
  • See allocation

    • ‘Such behaviour is so odious because it brings little allocative benefit - no significant increase in supply in the short run - and carries a huge distributive cost, as those with resources take advantage of those without.’
    • ‘Road pricing is a radical solution that primarily is about securing allocative efficiency of scarce resources, namely road space.’
    • ‘Indeed, there are an infinite number of option implementations that produce the same allocative equilibrium, but merely divide the expected payoffs differently between the disputants.’
    • ‘Those who regard the state as a facility to maximize its citizens' welfare are more inclined to reject tax competition, as it will cause important allocative distortions.’
    • ‘Most economists consider that competition policies can make an important contribution to the achievement of efficient outcomes in a productive and allocative sense.’

Pronunciation

allocative

/ˈaləkeɪtɪv/