|
|
|
Home >> News >> News Details
|
|
|
|
|
 Applying the Pareto Principle: The 80:20 Rule
06-06-2006
In the late 1800s, an Italian economist named Vilfredo Pareto observed that, in Italy, a small group of people held nearly all the power, influence, and money, which they used to create a significant advantage over the rest of the population. He theorized that, in most countries, about 80 percent of the wealth and power was controlled by about 20 percent of the people. He called this a "predictable imbalance," which eventually became known as the 80:20 rule.
|
|
|
|
|
Top Articles |
|
|
Article Archive |
|
|
Article Of The Day |
|
|
|
|
|
|
|
|
