OPSC OCS 2024 · Question 61 of 99
Economy
Pareto optimality describes a state where no more resources can be allocated to improve one person’s or objective’s outcome without making at least one other person’s or objective’s outcome worse. It is a concept of efficiency used in economics, social sciences, and…
Source: OPSC OCS Prelims 2024 GS Paper-I; answers per StudyIQ unofficial key
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