Pareto's law

Pa·​re·​to's law | \ pəˈrāt(ˌ)ōz- \

Definition of Pareto's law

: 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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History and Etymology for Pareto's law

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

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Cite this Entry

“Pareto's law.” Dictionary, Merriam-Webster, Accessed 7 Aug. 2020.

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