economic efficiency criterion
C24766
concept
An economic efficiency criterion is a standard or rule used to evaluate how well resources are allocated to maximize total net benefits or welfare in an economy.
All labels observed (2)
| Label | Occurrences |
|---|---|
| concept in welfare economics | 2 |
| economic efficiency criterion canonical | 1 |
Description generation (CDg)
The one-sentence description above was generated by prompting gpt-5.1 with the class name and this instruction.
Instruction
generate a one-sentence description for a given conceptual class. # Response Format Return only the sentence: "Description: [one-sentence description of the conceptional class]"
Input
Class: economic efficiency criterion
Generated description
An economic efficiency criterion is a standard or rule used to evaluate how well resources are allocated to maximize total net benefits or welfare in an economy.
Instances (3)
| Instance | Via concept surface |
|---|---|
| Hicks–Kaldor compensation criterion | — |
|
Pareto
surface form:
Pareto efficiency
|
concept in welfare economics |
| Bergson–Samuelson social welfare function | concept in welfare economics |