Open Beta: Free Premium Access! We'd love your feedback.
Try App Now

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.

Pareto Efficiency in a sentence
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

German
Pareto-Effizienz
also Pareto-Optimalität

Ein Zustand, in dem keine Ressourcen mehr ohne Nachteil für andere umverteilt werden können.

French
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.

Spanish
Eficiencia de Pareto
also Óptimo de Pareto

Asignación de recursos en la que nadie puede ganar sin que otro pierda.

Italian
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

More Economics terms

All economics terms →

Pareto Efficiency is filed under