what exactly is the 80/20 principle?
“In simplified form, the principle holds that a minority of causes, inputs, or efforts are responsible for the majority of the results.
In other words, only a few things are responsible for the vast results we see around us. Just as only a few people control the majority of the world's wealth, and only a few students come out top in their class. If you take time to observe, you'll see the Pareto principle at work all through life.”
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