Definition: The process or procedure for allocating things, especially money or other resources.

Alright class, settle down and let’s take a look! Today we're tackling a word that sounds quite grand, “Allocation,” understand? Let’s lend it a hand! The dictionary gives us a helpful clue, "The process or procedure for allocating things, it’s true!" Now, think of it this way – imagine you have treats, A pile of cookies, oh so sweet! You need to allocate them, fair and just, To your friends, in a thoughtful trust. Allocation simply means deciding how things are shared, Like money, or materials, carefully declared. It’s not just giving freely, without a plan, But thoughtfully distributing, as best you can! Think of a school budget, a teacher's salary too, These are all allocations – for me and for you! Does that make sense? Do you have any questions to share? Let’s discuss it together.