Dictionaryexplanation
Title:Allocationefficiency
Englishtranslation:Allocativeefficiency
Pinyin:fēnpèixiàolǜ
Partofspeech:phrase
Wordmeaning:
①Accordingtocertainstandardsorregulations,thespeedof(things)isdivided.
②Arrangement;speedofdistribution
③Ineconomics,itreferstothespeedatwhichproductionmaterialsaredistributedtoproductionunitsorconsumptionmaterialsaredistributedtoconsumers.
Distributionandefficiencyandfairness
Thereisnoinefficientfairness,norcantherebeunfairefficiency."Prioritizeefficiencyandgiveconsiderationtofairness."Thisprincipleemphasizestheallocationofresources.Butwhenthelargestoutputisobtainedwiththesmallestinput,wesaythattheallocationandutilizationofresourcesareefficient.Inthepursuitofefficiency,ourcountry'sresourceshavebeenoptimallyallocated,whichhasgreatlyincreasedoutput,sotheeconomycandeveloprapidly.Thisisworthyofrecognition.Inourcountry,resourcesarelimited.Somepeopleoccupyresourcestoomuch,whichwillinevitablyleadtoadecreaseintheamountofresourcesoccupiedbysomepeople.Therefore,althoughtheoverallefficiencyhasimprovedandtheincomehasincreased,thepartofthepeoplewhotakeuptoomuchresourcesdoesnotbenefitmuchintheprocess.However,efficiencyisforbetterfairness,andfairnessisforhigherefficiency.Fairnessisnotonlyaprerequisiteforefficiency,butalsothekeytoefficiencyimprovement.Firstofall,takingourcountryasanexample,economicdevelopmentcannotbeseparatedfromsocialstability,andfairtreatmentofincomeissuesisthekeytoensuringstability;thenhowdoesfairnesspromoteefficiency?Weseethathigh-incomepeoplewillsavetheirremainingincomeafteracertainamountofconsumption;theincreaseinsavingswillreduceinterestratesandinvestmentwillbevigorous;investmenthasbroughthugesupply,butmarketdemandhasnotincreasedaccordingly.Ifthetotalsupplyisgreaterthanthetotaldemand,thentherewillbeaproblemofoverproduction.Atthistime,theefficiencyofmarketallocationisverylow.Iffairnessisemphasizedandtheincomeoflow-incomepeoplecanbeincreased,theirpurchasingpowercanbeenhanced,therebyincreasingmarketdemand,themarket'ssupplyanddemandwillberestoredtobalance,andefficiencywillbeimproved.Atthisstage,howshouldwehandletherelationshipbetweenefficiencyandfairness?Theprincipleof"fairnessfirstandefficiency"shouldbeadheredto.
1.Thewideninggapbetweenrichandpoorisunstable.
2.Mentionofthetreatmentlevelofdisadvantagedgroupscanenhancetheirpurchasingpowerandincreasemarketdemand.
3.Payattentiontofairnesswhilealsotakingintoaccountefficiency.Inefficientfairnesswillleadtofailure.