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Tags Vilfredo Pareto

Tag: Vilfredo Pareto

What is Pareto Efficiency?

In economics, ‘Pareto efficiency’ is a term which is used to describe allocation of resources which does not necessarily result in satisfying each individual’s...

Unleash the Strength of 80/20

Unleash the Strength of 80/20 In 1906, Italian Economist Vilfredo Pareto observed that the 80% of land in Italy was owned by 20% of...

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