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Under the Republic, power was shared among many officeholders and limited to short terms. Augustus altered this system by taking many of the offices and their powers for himself while maintaining the idea that these were still separate offices that could, at least in theory, be transferred to someone else.
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Pareto efficiency, or Pareto optimality, is an economic state where resources cannot be reallocated to make one individual better off without making at least one individual worse off. Pareto efficiency implies that resources are allocated in the most economically efficient manner, but does not imply equality or fairness. An economy is said to be in a Pareto optimum state when no economic changes can make one individual better off without making at least one other individual worse off.
Pareto efficiency, named after the Italian economist and political scientist Vilfredo Pareto (1848-1923), is a major pillar of welfare economics. Neoclassical economics, alongside the theoretical construct of perfect competition, is used as a benchmark to judge the efficiency of real markets—though neither perfectly efficient nor perfectly competitive markets occur outside of economic theory.
Answer: The Second Continental Congress.
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<u>The inter- census population growth rate again decreased to 1.35 in 2011. There have been about 60 per cent increase in population from 11.6 million in 1971 to 18.5 million in 1991 and in last one decade it increased by about 27 per cent from 18.5 million in 1991 to 23.2 million in 2001.</u>
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