Business Ethics in Biotechnology
Resource allocation refers to the process of distributing available resources among various uses, ensuring that limited resources are used efficiently and effectively to meet needs and demands. In the context of public health and biotechnology, particularly during pandemics, this involves making critical decisions about the distribution of vaccines and medical supplies to maximize health outcomes and equity among populations. The ethical considerations surrounding resource allocation become vital in guiding how resources are prioritized and who gets access to them.
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