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Pareto Optimum

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Routledge Dictionary of Economics, Second Edition

Pareto optimum (D6)

An allocation of resources such that no one can be made better off without someone else being made worse off; the most famous notion of optimality in WELFARE ECONOMICS.

This is the complete article, containing 31 words (approx. 1 page at 300 words per page).

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Pareto Optimum from Routledge Dictionary of Economics, Second Edition. ISBN: 0-203-00054-4. Published: 2005–06–05. ©2009 Taylor and Francis. All rights reserved.



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