(game theory, economics) Describing a situation in which the profit of one party cannot be increased without reducing the profit of another.

Synonym of Pareto optimality

(philosophy, natural science) The being or event which physically brings about the change or motion that produces another occurrence or thing.

(US) bachelor apartment

efficient with respect to cost; producing a large effect relative to cost

(economics) a situation in which it is impossible to make one generation better off without making another generation worse off

Alternative spelling of Pareto efficient

Static efficiency refers to the efficiency of a firm at a certain point in time given what resources and technology they have available.

Productive efficiency is a type of economic efficiency achieved when a firm operates at minimum costs, by using the appropriate inputs to produce the maximum output possible.

plural of efficiency apartment