The Pareto principle is also referred to as the 80/20 rule. It asserts that in any given scenario, 80% of the outcomes are the result of 20% of the causes. The principal was named after Vilfredo Pareto, an Italian professional economist who observed that 20% of the population was responsible for 80% of the nation's income.
The Pareto principle has been used in a variety of industries, including manufacturing, hospitality, health, software development, and marketing, to demonstrate that small thi
