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What is the 80/20 rule?
Do you believe in the 80/20 rule?
The Pareto principle, also known as the 80-20 rule,
It was discovered by Italian economist Pareto at the end of the 19th century and the beginning of the 20th century.
This law states that in any group of things,
The most important part only accounts for a small portion, about 20%,
The remaining 80% may be the majority, but it is secondary.
For example, in a company,
Usually 80% of the profits come from 20% of the projects or clients;
In the distribution of social wealth,
Often, 20% of the people control 80% of the wealth, and so on.
The 80-20 rule reflects an imbalance,
However, this imbalance exists widely in society, economy, and life.
It reminds people to be good at grasping the key few,
Focus your energy and resources on dealing with important matters,
To achieve twice the result with half the effort.
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