Recall the following quote from Kenneth J. Arrow, which we have discussed within the context of market theory: "In a capitalist democracy there are essentially two methods by which social choices can be made: voting, typically used to make "political" decisions, and the market mechanism, typically used to make "economic" decisions... The methods of voting and the market...are methods of amalgamating the tastes of many individuals in the making of social choices" (Social Choice and Individual Values, 1963, pp 1-2) . Briefly explain what this quote means and how it is related to the concept of allocative efficiency in Neoclassical Economics? (1 paragraph)