what is allocation by need
pricing Goods based on want rather than need
giving or selling Goods only to people who most need them
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
Allocation by need refers to the practice of distributing goods or resources based on the level of need or necessity rather than want or ability to pay. It involves giving or selling goods only to people who are in the most need of them, regardless of their financial standing or purchasing power. The aim of allocation by need is to prioritize the most vulnerable members of society and ensure that they have access to essential goods and services at an affordable price.
just say the answer
Giving or selling goods only to people who most need them.
Allocation by need refers to a method of distributing goods or resources based on the level of need of individuals. In this system, goods are allocated or distributed to those who require them the most, prioritizing those with the greatest need. The goal is to ensure that essential goods are provided to the most vulnerable members of society.
To understand this concept better, let's consider an example: Suppose there is a limited supply of a particular medication during a crisis such as a pandemic, where demand is high. Allocation by need would involve distributing the medication to those who are most critically ill or at highest risk of severe consequences if they don't receive treatment. The focus is on prioritizing individuals based on their level of need rather than distributing the medication based on want or other criteria.
Allocation by need is different from pricing goods based on want rather than need. When goods are priced based on want, they are often inaccessible to those who cannot afford them, regardless of their level of need. In contrast, with allocation by need, goods are given or sold to people who require them the most, regardless of their ability to pay. The focus is on ensuring that even the most vulnerable members of society can access and afford essential goods.
Additionally, allocation by need is not about giving or selling goods to whoever stands in line the longest. The approach is centered around assessing and meeting individuals' needs rather than relying solely on the order of arrival.
In summary, allocation by need refers to the practice of distributing goods or resources to those who require them the most, irrespective of their ability to pay. It aims to ensure that even the most vulnerable members of society can access essential goods.