Usually means: Efficient allocation, no net loss.
Definitions Related words Mentions
We found 5 dictionaries that define the word Pareto optimality:

General (3 matching dictionaries)
  1. Pareto-optimality: Oxford Learner's Dictionaries
  2. Pareto optimality: Wiktionary
  3. Pareto-optimality, Pareto optimality: Wikipedia, the Free Encyclopedia

Business (1 matching dictionary)
  1. BusinessDictionary.com (No longer online)

Computing (1 matching dictionary)
  1. Pareto Optimality: Cybernetics and Systems

Definitions from Wiktionary (Pareto optimality)

noun:  An allocation of resources such that no other allocation makes any one individual better off without making another worse off

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