Explain Why Robin Hood's Practice of Stealing from the Rich

question 105

Essay

Explain why Robin Hood's practice of stealing from the rich to give to the poor is never Pareto efficient.

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Definitions:

Properly Declared

Refers to actions or decisions that are formally announced or made known in accordance with established procedures or laws.

Distribution

The process of giving a product, component, or service to the consumer or end user through various distribution channels or supply chains.

Preemptive Rights

Rights given to existing shareholders to purchase additional shares in a company before new shares are offered to the public, in order to maintain their percentage of ownership.

Charter

A legal document giving a corporation or other organization its rights and privileges, or a charter can also refer to the authorization for a municipal corporation to operate.