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Pareto’s Principle<br />

In the late 19 th century, Vilfredo Pareto, a little known<br />

Italian economist, had written a unique mathematical<br />

model for income distribution in Italy.<br />

It stated that 80 percent of the land was owned by 20<br />

percent of the people.<br />

Wealth in the country was not evenly distributed and was<br />

concentrated in a highly predictable way. Pareto, began<br />

to notice a universal principle that certain SMALL inputs<br />

would lead to LARGE outputs.<br />

Consistently.<br />

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