Pareto
|Pa-re-to|
🇺🇸
/pəˈreɪtoʊ/
🇬🇧
/pəˈreɪtəʊ/
80/20 rule
Etymology
'Pareto' originates from the name of Vilfredo Pareto, an Italian economist and sociologist.
The term 'Pareto' was derived from Vilfredo Pareto's name, who introduced the concept of the Pareto principle in the early 20th century.
Initially, it referred to Vilfredo Pareto himself, but over time it evolved to represent the principle he introduced.
Meanings by Part of Speech
Noun 1
refers to the Pareto principle, also known as the 80/20 rule, which states that for many phenomena, 80% of consequences come from 20% of the causes.
The Pareto principle is often used in business to prioritize tasks.
Synonyms
Noun 2
named after Vilfredo Pareto, an Italian economist and sociologist.
Vilfredo Pareto was known for his work in economics and sociology.
Last updated: 2025/01/11 11:41