Business – The Pareto Principle (80/20 Rule)

Generally, speaking the Pareto Principle falls, also from Economics, is in the category of ‘Majority Affect’ concepts and, basically, is:

80% of the value is contained in 20% of the elements.

This concept is frequently used in time management and business to express the need to focus on high-value high return items when setting priorities and expending resources.

Related Reference