What is allocation by need?
(1 point)
Responses
pricing goods based on want rather than need
pricing goods based on want rather than need
giving or selling goods only to people who most need them
giving or selling goods only to people who most need them
giving or selling goods to whoever will stand in line the longest
giving or selling goods to whoever will stand in line the longest
pricing goods so that even the most vulnerable members of society can afford them
pricing goods so that even the most vulnerable members of society can afford them
Allocation by need refers to giving or selling goods only to people who most need them. It involves prioritizing the distribution of goods based on the level of need rather than other factors such as want or the ability to pay. This method aims to ensure that the most vulnerable members of society can access essential goods and services.
whats the answer?
The answer is:
giving or selling goods only to people who most need them
Allocation by need refers to the practice of giving or selling goods only to people who most need them. It is a system where goods and resources are distributed based on someone's level of need rather than factors like want, wealth, or ability to pay.
To understand what allocation by need means, you can break down the term. "Allocation" refers to the act of distributing or assigning resources. "Need" refers to a specific requirement or necessity that must be fulfilled. So, when goods are allocated by need, priority is given to individuals or groups who have the greatest need for those goods.
This approach aims to ensure that resources are distributed fairly and effectively, reaching those who require them the most. It prioritizes fulfilling basic necessities and providing assistance to vulnerable or disadvantaged individuals and communities. By focusing on need rather than want or ability to pay, allocation by need aims to create a more equitable and just distribution of goods and resources.
Note that allocation by need is different from pricing goods based on want rather than need. Pricing goods based on want means setting prices according to consumer demand and willingness to pay, which may not necessarily prioritize those who most need the goods.