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Pareto efficient
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Pareto-efficient
English
Pareto efficiency
Adjective
Pareto efficient
en game theory economics Describing a situation in which the profit of one party cannot be increased without reducing the profit of another.
Usage notes
This term can also be used to compare situations such that the situation in which fewer such improvements can be made is considered more Pareto efficient.
Synonyms
Pareto optimal
Derived terms
Pareto efficiency
See also
Pareto improvement
en eponyms