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Meaning of Kaldor-Hicks improvement | Babel Free

Noun CEFR B2

Definitions

An economic reallocation of resources among people, such that those who are made better off could hypothetically compensate those who are made worse off and lead to a Pareto-improving outcome.

CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.

See also

kalduny Kale kale runt Kaleb Kalecki kaleege

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