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For a Policy to Be Pareto Efficient, It Must Make

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For a policy to be Pareto efficient, it must make everyone at least a little better off.


Definitions:

Parasitic Flatworms

A subgroup of flatworms that live in or on other organisms, deriving nutrients at the host's expense without providing any benefit to the host.

Cell Theory

One of the major theories of biology, which states that all organisms are made up of cells; cells are capable of self-reproduction and come only from preexisting cells.

Plasma Membrane

The lipid bilayer that encloses the cytoplasm of a cell, controlling the passage of substances in and out of the cell.

Gelatinous Sheath

A thick, viscous covering produced by some bacteria and algae, surrounding their cell or colony, providing protection and sometimes aiding in movement.

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