Definitions
- Referring to a sum of money given regularly to someone, especially a child, as an allowance. - Talking about the amount of something that is permitted or allowed, such as a daily food allowance. - Describing a tolerance or margin of error, such as an allowance for measurement discrepancies.
- Referring to the act of distributing resources, such as funds, time, or personnel, to achieve a specific goal. - Talking about the portion or share of something that is assigned or designated for a particular purpose. - Describing the process of setting aside or earmarking a certain amount of something for a specific use.
List of Similarities
- 1Both words involve the distribution or assignment of something.
- 2Both words can refer to a specific amount or portion of something.
- 3Both words are used in business and financial contexts.
What is the difference?
- 1Focus: Allowance emphasizes the permission or authorization to do something, while allocation emphasizes the distribution of resources.
- 2Type of resource: Allowance is typically used for money or other consumable resources, while allocation can refer to any type of resource, such as time, personnel, or equipment.
- 3Purpose: Allowance is often given for personal or discretionary use, while allocation is usually for a specific purpose or goal.
- 4Frequency: Allowance is often given regularly, such as weekly or monthly, while allocation can be a one-time or ongoing distribution.
- 5Scope: Allowance is usually limited to an individual or group, while allocation can be for a larger organization or project.
Remember this!
Allowance and allocation are both related to the distribution or assignment of something. However, allowance is typically used for personal or discretionary use, such as a regular sum of money given to a child or a daily food allowance. On the other hand, allocation is used for the distribution of resources, such as funds, time, or personnel, to achieve a specific goal or purpose.
