Dictionary
Find
in
Dictionary
Thesaurus
Translations

Click to move up the list of words
parenthesize
parenthetical
parenting
parents’ evening
pareo
parergon
paresis
paresthesia
Pareto efficiency
pareu
pareve
parfait
parfait glass
parfleche
pargana
parget
parhelia
Click to move down the list of words
Also available:

World English Dictionary
Dictionnaire Français

Pareto efficiency

Pa·re·to ef·fi·cien·cy [ pə ráytō i fìsh'nsee ]


noun 
Definition:
 
equilibrium of economic agents: an economic equilibrium in which it is impossible to change the allocation of resources without improving the lot of one agent at the expense of another

[Mid-20th century. After Vilfredo Pareto (1848-1923), Italian economist]

Pa·re·to-ef·fi·cient adjective
Advertisement

© 2009 Microsoft