In 1879, the famous Italian economist Alfred Pareto, noticed that 80% of Italy’s wealth was controlled by 20% of the population.
This concept is known as “Pareto’s Law” or “Pareto’s Rule” or “Pareto Principle” or “Principle of imbalance” or simply “The 80/20 Rule”.
We explain pareto with 5WH concept for its clear understanding.
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14 дек 2020
