| Pareto's principle | the idea or notion in business, commonly known as "the 80:20 rule", which says that eighty per cent of the revenue comes from twenty per cent of the products, that eighty per cent of the sales volume is derived from twenty per cent of the customer accounts, that eighty percent of the sales come from twenty percent of the sales force, etc, named after Vilfredo Pareto, the nineteenth century economist and sociologist
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