Question

What do you mean by paretian social optimum discuss it

Answer 1

Pareto defined social optium as a position from which no reorganiztion of production and exchange can be effected to make anyone better off without making some else worse off.

Answer 2

Answer:

Social Optimum:

Pareto defined social optimum as a position from which no reorganization of production and exchange can be effected to make anyone better off without making somebody else worse off.

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