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allocative power

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  • Allocative efficiency — is a theoretical measure of the benefit or utility derived from a proposed or actual selection in the allocation or allotment of resources.[1][2] Although there are different standards of evaluation for the concept of allocative efficiency, the… …   Wikipedia

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  • Afghanistan — /af gan euh stan /, n. a republic in central Asia, NW of India and E of Iran. 23,738,085; 250,000 sq. mi. (647,500 sq. km). Cap.: Kabul. * * * Afghanistan Introduction Afghanistan Background: Afghanistan s recent history is characterized by war… …   Universalium

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  • Productivity — in economics refers to measures of output from production processes, per unit of input. Labor productivity, for example, is typically measured as a ratio of output per labor hour, an input. Productivity may be conceived of as a measure of the… …   Wikipedia

  • government budget — Forecast of governmental expenditures and revenues for the ensuing fiscal year. In modern industrial economies, the budget is the key instrument for the execution of government economic policies. Because government budgets may promote or retard… …   Universalium

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