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

Alternative spelling of Pareto efficient

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

(US) bachelor apartment

plural of efficient cause

plural of efficiency apartment

Synonym of Pareto optimality

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

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.