Pareto Optimum

Business / Accounting / Pareto Optimum: An economic theory by Vilfredo Pareto. It states that the optimum allocation of a society's resources will not happen whilst at least one person thinks he is better off and where others perceive themselves to be no worse.

Other Words for Optimum

Optimum Noun Synonyms: best, finest, most favorable, ideal, perfection, model, paragon, exemplar
Optimum Adjective Synonyms: best, finest, most favorable, ideal, perfect, choicest, optimal, first-rate, first-class, sterling, prime, capital, excellent, exceptional, superlative, extraordinary, unique, peerless, unequalled, unexcelled, unsurpassed
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Pareto Optimum

Business / Accounting / Pareto Optimum: An economic theory by Vilfredo Pareto. It states that the optimum allocation of a society's resources will not happen whilst at least one person thinks he is better off and where others perceive thems MORE

Pareto Chart

Business / Human Resources (HR) / Pareto Chart: A bar graph used to rank in order of importance information such as causes or reasons for specific problems, so that measures for process improvement can be established. MORE

Optimum Capacity

Business / Finance / Optimum Capacity: The amount of manufacturing output that creates the lowest cost per unit. MORE

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