Teaching MPPSC Assistant Professor Mock Test Series 2025 General Knowledge Economy National Income Accounting
Consider the following statements regarding 'Pareto Optimality'.
1. It suggests that in an economy somebody may be better off by making somebody else worse off.
2. It deals with the distribution of an economy from the bottom of the social pyramid.
Which among the above statements is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2