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)

Love words? You must — there are over 200,000 words in our free online dictionary, but you are looking for one that’s only in the Merriam-Webster Unabridged Dictionary.

Join MWU now and get access to America’s largest dictionary, with:

  • 300,000 words that aren't in our free dictionary
  • Expanded definitions, etymologies, and usage notes
  • Advanced search features
  • Ad free!

Origin and Etymology of pareto's law

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


Seen and Heard

What made you want to look up Pareto's law? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

to help become familiar with something

Get Word of the Day daily email!