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Pareto efficient. In DICTIOUS you will not only get to know all the dictionary meanings for the word
Pareto efficient, but we will also tell you about its etymology, its characteristics and you will know how to say
Pareto efficient in singular and plural. Everything you need to know about the word
Pareto efficient you have here. The definition of the word
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English
Adjective
Pareto efficient (comparative more Pareto efficient, superlative most Pareto efficient)
- (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.
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See also