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* also known as the "80/20 rule" or "law of the vital few"
* also known as the "80/20 rule" or "law of the vital few"
* = the idea that 80% of consequences come from 20% of causes
* = the idea that 80% of consequences come from 20% of causes
* the early Italian economist Vilfredo Pareto observed that
* the early Italian economist Vilfredo Pareto (1848-1923) observed that
** in Italy 80% of the land was owned by 20% of the population
** in Italy 80% of the land was owned by 20% of the population
* other observers have found that many natural and human systems follow this distribution pattern<br />
* other observers have found that many natural and human systems follow this distribution pattern<br />
=== Other useful Economics and "Political Economy/-ics" terms and concepts ===
=== Other useful Economics and "Political Economy/-ics" terms and concepts ===
* 80/20 rule (see the "Pareto Principle" above)
* 80/20 rule (see the "Pareto Principle" above)