Kaldor-Hicks Criteria – InterviewSolution

1.	Kaldor-Hicks Criteria
Answer» Ans :- A Kaldor–Hicks improvement, named for Nicholas Kaldor and John Hicks, is an economic re-allocation of resources among people that captures some of the intuitive appeal of a Pareto improvement, but has less stringent criteria and is hence applicable to more circumstances.

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