__________ refers to increase in welfare of one individual without decreasing the welfare of another individual.

Social efficiency

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Production efficiency

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Distribution efficiency

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All the three

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Solution

The correct option is A Distribution efficiency
Distribution efficiency refers to increase in welfare of one individual without decreasing the welfare of another individual. The idea of distributive efficiency is proposed by Abba Lerner in the year of 1944. According to welfare economic consideration, distributive efficiency is concerned with an equitable distributionof resources.

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