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pareto principle

Pareto principle 1

The 80/20 Rule (The Pareto Principle) Explained

The 80/20 rule is also known as the Pareto principle. This rule states that roughly 80% of the consequences come from 20% of the problems for many outcomes. Also read: Business Technology Management 4 Freelance Sites that can Help Businesses This rule states that 80% of the output comes from 20% of the input. Suppose you prioritize 20% of the fact that produces the best results for your organization or company, this principle helps you identify an entity's best assets and use them efficiently to create maximum value. If your work is related to business and economics, this principle is... … Read More »