The Pareto Principle
(1 min read) The Pareto Principle states that for many events roughly 20% of causes produce 80% of effects. It has been named after economist Vilfredo Pareto, who first stated that 20% of any nation's citizens hold 80% of its wealth. Pareto Principle could be applied to our lives as well:20% of roads in your city carry 80% of its traffic. Think about the last time you were stuck in a jam! You wear 20% of clothes 80%...
