Third-person singular present tense of 'allocate': to distribute, assign, or set aside specific amounts of resources, space, or responsibility for particular purposes or people.
From Latin 'allocare' (ad- to + locare to place/assign), with the third-person singular present ending '-s.' The Latin root is from the same family as 'location' and 'allocate.'
When a government 'allocates' money to schools versus roads, they're essentially making a prediction about what they think society needs most, which is why budget debates get so heated!
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