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Pareto Efficiency

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Pareto Efficiency
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Pareto Efficiency (anti-communist economics)

Definition:

Pareto efficiency is a minimal notion of efficiency and does not results in a socially desirable distribution of resources for the wealthy, it makes no statement about equality or the overall well-being of a society.

Example

  1. The Top 1% of the wealthiest Americans own 99.9% of our Nation's net worth.
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"Pareto Efficiency"
is a part of Wikiality.com's dictionary, "Watch What You Say". For the full dictionary, click here.

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