Why a Few People Get Most of the Rewards? Why only 20% of people in this world are Rich? - InfinityMiles - Deepstash

The 80/20 principle (aka the Pareto principle) states that 80% of the results come to form 20% of the cause. A few things are important; most are not. He notices that a tiny number of pea pods in t...

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Why a Few People Get Most of the Rewards? Why only 20% of people in this world are Rich? - InfinityMiles

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The 80/20 Principle says that the majority of your results or outputs will come from a minority of causes or inputs. The ratio may not always be exactly 80:20, i.e it could be more imbalanced at 9...

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Examples of the Pareto Principle exist in everything from real estate to income inequality to tech startups. In the 1950s, three percent of Guatemalans owned 70 percent of the land in Guatemala. In...

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The Amazon rainforest is one of the most diverse ecosystems on Earth. Scientists have cataloged approximately 16,000 different tree species in the Amazon. But despite this remarkable level of diver...

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The 80-20 rule has found applications in business management. For business sales, 20% of a company’s customers are responsible for 80% of the sales. Also, 20% of the employees are responsible for 8...

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As humans we make assumptions, and one of those is that all causes have the same significance, more or less. We assume every bit of business, every product, every lead is as good as the next. While...

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