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Pareto Principle: The 80/20 Rule Explained
The Pareto Principle, also known as the 80/20 rule, is a concept named after the Italian economist Vilfredo Pareto, who observed in the early 20th century that roughly 80% of the effects come from 20% of the causes. This principle has since been applied to various fields and contexts, both in business and in general life. The key idea is that a ...
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