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
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Allocation by need refers to the principle of distributing or allocating goods and resources based on the individual or collective need rather than on the basis of available resources or market demand. It involves prioritizing and providing goods, services, or resources to individuals or communities with the greatest need or vulnerability. The goal is to ensure that even the most disadvantaged members of society can access essential goods and services. It is often employed in situations where resources are scarce, such as during times of crisis, emergencies, or in socialist economic systems.
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