Usually means: Optimal distribution of resources economically.
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We found 6 dictionaries that define the word Allocative efficiency:

General (1 matching dictionary)
  1. Allocative efficiency: Wikipedia, the Free Encyclopedia

Business (4 matching dictionaries)
  1. Allocative Efficiency: Management Dictionary
  2. Accounting, Business Studies and Economics Dictionary (No longer online)
  3. BusinessDictionary.com (No longer online)

Computing (1 matching dictionary)
  1. Allocative efficiency: Encyclopedia

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Definitions from Wikipedia (Allocative efficiency)

▸ noun:  a state of the economy in which production is aligned with the preferences of consumers and producers; in particular, the set of outputs is chosen so as to maximize the social welfare of society.


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