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"Pareto's Law"

From Joshua Kennon,
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Definition: Pareto's Law is the economic theory that 20% of the population earns 80% of the income. It was espoused by Vilfredo Pareto, a 19th century italian economist.

Also Known As: 80/20 rule

Suggested Reading

Economics - Articles, Working Papers and Resources

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IRA Contribution Limits Warren Buffett Bio Calculating Gross Profit Margin Net Profit Margin Traditional IRA vs. Roth IRA

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