Pareto principle

From Simple English Wikipedia, the free encyclopedia

The Pareto principle is a concept introduced by Vilfredo Pareto That shows in many fields, 20% of the subject matter consumes 80% of use. This theorem came from Vilfredo Pareto's research on economics, and buying habits.

Reasoning[change | change source]

It is currently unknown why this phenomenon occurs, or why it is so prominent in every facet of the universe. Some hypothesize that it is a law of physics, that causes everything to act in such a way, While others hypothesize it could simply be a quirk of the human brain, spurring results to occur in this fashion.

Examples[change | change source]

In any given room, 20% of the floor is walked on 80% of the time.

In all languages, 20% of words are used 80% of the time.

20% of criminals commit 80% of crimes.

20% of employees are responsible for 80% of the results.

20% of a store's products make up 80% of sales.

Related pages[change | change source]