Economy, asked by papari1998, 5 months ago

Limitations of pareto optimality

Answers

Answered by dangerousbossgaming

0

Answer:

Limitations of Pareto Improvement

It makes no judgement about the equality of distribution or overall welfare. A distribution of income could be Pareto efficient, but not maximise overall social welfare. It could involve some resources being wasted – as long as no one feels worse off.

Answered by shraddha99

0

Answer:

Limitations of Pareto Improvement

It makes no judgement about the equality of distribution or overall welfare. A distribution of income could be Pareto efficient, but not maximise overall social welfare. It could involve some resources being wasted – as long as no one feels worse off.

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