what is allocational efficiency 
allocational efficiency also known as allocative efficiency is a characteristic of an efficient market where the optimal distribution of goods in an economy meets the needs and wants of society the goal of allocative efficiency is to ensure that resources are used so that their marginal benefit to society is equal to their marginal cost understanding allocational efficiencyallocational efficiency occurs when organizations in the public and private sectors spend their resources on projects that will be the most profitable and do the most good for the population thereby promoting economic growth 