Pareto's law

noun Pa·re·to's law \pəˈrāt(ˌ)ōz-\

Definition of Pareto's law

  1. :  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)

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Origin and Etymology of pareto's law

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

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