second best - Meaning in Hindi
second best - Meaning in Hindi
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Definitions and Meaning of second best in English
second best noun
- the competitor who finishes second
Synonyms
runner-up
Description
In welfare economics, the theory of the second best concerns the situation when one or more optimality conditions cannot be satisfied. The economists Richard Lipsey and Kelvin Lancaster showed in 1956, that if one optimality condition in an economic model cannot be satisfied, it is possible that the next-best solution involves changing other variables away from the values that would otherwise be optimal. Politically, the theory implies that if it is infeasible to remove a particular market distortion, introducing one or more additional market distortions in an interdependent market may partially counteract the first, and lead to a more efficient outcome.
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What is second best meaning in Hindi?
The word or phrase second best refers to the competitor who finishes second. See second best meaning in Hindi, second best definition, translation and meaning of second best in Hindi. Find second best similar words, second best synonyms. Learn and practice the pronunciation of second best. Find the answer of what is the meaning of second best in Hindi. देखें second best का हिन्दी मतलब, second best का मीनिंग, second best का हिन्दी अर्थ, second best का हिन्दी अनुवाद।
Tags for the entry "second best"
What is second best meaning in Hindi, second best translation in Hindi, second best definition, pronunciations and examples of second best in Hindi. second best का हिन्दी मीनिंग, second best का हिन्दी अर्थ, second best का हिन्दी अनुवाद
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