Resource allocation is defined as how things can be distributed. In a business sense, this typically refers to business assets such as cash, goods and services; however, it can also refer to things like time, space and r... More »

According to the Department of Agricultural Economics at Michigan State University, efficient resource allocation means that there is efficiency in production, consumption and system. Production efficiency involves produ... More »

The basic rights that form capitalism's foundation include the right to own private property and the right to own a business and keep profits after taxes are paid. In addition, capitalism supports the freedom to compete ... More »

The main difference between resource allocation, also referred to as resource loading, and resource leveling is that resource loading is the process of allocating resources to planned project activities, while resource l... More »

Resource planning is the step in writing a business plan that involves identifying the resources that a proposed business needs to succeed. This includes resources that the entrepreneur already has and those that still n... More »

Resource partitioning is the process whereby similar species exploit the limited resources in an ecological area without one species driving the others into extinction. Through natural selection, each species adopts a pa... More »

According to Michelle Maiese of Beyond Intractability, procedural justice refers to the idea of promoting a sense of fairness by establishing and maintaining unbiased resource allocation and dispute resolution mechanisms... More »