Tagged with Law of the vital few

The Pareto Principle

The Pareto Principle

The Pareto Principle is a general observation that most things in life aren’t distributed evenly. The 80-20 rule or Pareto principle as it is known today came about after an Italian economist Vilfred Pareto, made the observation that 80% of the land in Italy was owned by 20% of the population. More generally, it can … Continue reading