pareto improvement
A Pareto improvement refers to a change or action that benefits at least one individual or entity without causing any harm or disadvantage to others. In simple terms, it means making a situation better for one person without making it worse for someone else.
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Related Concepts (1)
Similar Concepts
- pareto criterion
- pareto distribution
- pareto dominance
- pareto efficiency in cost-benefit analysis
- pareto efficiency in decision making
- pareto efficiency in economics
- pareto efficiency in engineering
- pareto efficiency in game theory
- pareto efficiency in market equilibrium
- pareto efficiency in public policy
- pareto efficiency in resource allocation
- pareto efficiency in social welfare
- pareto efficiency in trade-offs
- pareto optimal allocation
- productivity improvement