THE PARETO PRINCIPLE: ITS USE AND ABUSE

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239 citations0/0 files storedJournal of Services Marketing

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Management and Optimization Techniques Management Theory and Practice Complex Systems and Time Series Analysis

Abstract

Vilfredo Pareto was a late nineteenth‐century economist/sociologist who first noted and reported his observation that about 80 percent of wealth was concentrated in about 20 percent of a population. This is the basis for what we now call the Pareto Principle.

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