Resource allocation

Resource an economic or productive factor required to accomplish an activity, or as means to undertaken enterprise and achieve desired outcome. The three most basic resources land includes all natural resources (“gifts of nature”) used in the production process, such as arable land, forests, mineral and oil deposits, and water resources. Resource allocation resource is used to assign the available resources in an economic way. Resource Allocation Plan:

1.Basic Allocation Decision

2.Contingency mechanisms

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