What does Pareto Efficiency mean?
A state of resource allocation where it is impossible to make one person better off without making another worse off.
A state of Pareto Efficiency is reached when no one can be made better off without making someone else worse off.
Pareto Efficiency in German, French, Spanish and Italian
Pareto-Effizienz
also Pareto-Optimalität
Ein Zustand, in dem keine Ressourcen mehr ohne Nachteil für andere umverteilt werden können.
Efficacité de Pareto
also Optimum de Pareto
État où l'on ne peut plus améliorer le sort d'un individu sans dégrader celui d'un autre.
Eficiencia de Pareto
also Óptimo de Pareto
Asignación de recursos en la que nadie puede ganar sin que otro pierda.
Efficienza Paretiana
also Ottimo Paretiano
Allocazione delle risorse ottimale in termini di benessere collettivo.
Common phrases with Pareto Efficiency
- reach a state of pareto efficiency
- allocation pareto efficiency
- individual pareto efficiency
Synonyms and opposites for Pareto Efficiency
- Synonym Pareto optimality
