Effectiveness of the Pareto Principle in Human Life
Vilfredo Pareto was an Italian engineer, sociologist, he was the father of the Pareto principle, now also known as the 80/20 rule. Pareto observed that 80% of income in Italy went to 20% of the population. Pareto later conducted surveys in other countries and, to his surprise, found that a similar distribution applied. In the late 1940s, quality guru Dr. […]
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