pareto optimal
/pəˌreɪtoʊ ˈɒptɪməl/
a state where no one can be made better off without making another worse off
“A perfectly competitive market reaches Pareto optimality.”
Origin: Named after Vilfredo Pareto, Italian economist (1848-1923)
/pəˌreɪtoʊ ˈɒptɪməl/
a state where no one can be made better off without making another worse off
“A perfectly competitive market reaches Pareto optimality.”
Origin: Named after Vilfredo Pareto, Italian economist (1848-1923)