allocative efficiency(redirected from P=mc)
Also found in: Financial.
allocative efficiencyA measure of economic efficiency which weighs the benefit derived from a particular choice in the distribution of resources. Allocative efficiency perspective addresses the question of whether to perform or expand an activity.
In economics and sociology, the extent to which a product or a service, e.g., hemodialysis, is provided to an entire community, rather than just to a subgroup of that community.