Phrase guide
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noun
An economic reallocation of resources among people, such that those who are made better off could hypothetically compensate those who are made worse off and lead to a Pareto-improving outcome.
Definition source: English Wiktionary via Wiktextract
Topics: economics, sciences
No example sentence was provided for this meaning.
Synonyms: none provided
Antonyms: none provided
History
Named for Nicholas Kaldor and John Hicks.
