What is 80-20 Rule or Pareto Principle ?
The 80-20 principal says that
80% results come from 20% actions
This concept is explained by economist Pareto.
Here are some examples:
- 80% or higher grades are secured by 20% students.
- 80% of sales is generated through 20% of products in a company.
- 20% pages in a website attracts 80% web-traffic.
- 20% tasks in our life is responsible for 80% success.
- 80% crime is committed by 20% criminals.
- 80% wealth is owned by 20% people.
Thanks for reading - "100 Words Story"
