What is another word for pareto efficiency?
Pronunciation: [paɹˈiːtə͡ʊ ɪfˈɪʃənsi] (IPA) 
Pareto efficiency is a concept in economics and public policy that refers to a state of optimal resource allocation where it is impossible to make one person better off without making someone else worse off. Synonyms for this term include "allocation-efficiency", "optimal efficiency", "fully efficient", "maximum efficiency", and "optimal allocation". These terms all refer to the ideal state where resources are allocated such that no one can be made better off without harming someone else. It is a foundational concept in modern welfare economics and is widely used to evaluate the effectiveness of public policies and economic systems.
