12 min read
Pareto in Practice: How Economic Effectiveness Affects Daily Life
12 min readPareto efficiency is a method for sharing resources. In this state, if one person gets better off, another person has to feel worse. This idea, although not always applied, affects economics, business, and public policy a lot. In real life, people usually try to get small benefits. They focus on better use of […]Continue reading "Pareto in Practice: How Economic Effectiveness Affects Daily Life"