Pareto's law

noun

Pa·​re·​to's law
pəˈrāt(ˌ)ōz-
: a statement in economics: the distribution of incomes in various countries and in various ages tends to be similar despite differences of governmental policy (as in taxation)

Word History

Etymology

after Vilfredo Pareto (Marchese di Parigi) †1923 Italian economist and sociologist

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Cite this Entry

“Pareto's law.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/Pareto%27s%20law. Accessed 20 Apr. 2024.

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