Most people have heard of the 80/20 rule, or as it’s more formally known, Pareto’s Principle. Vilfredo Pareto was an Italian economist who first noted the 80/20 connection at the University of Lausanne in 1896. He showed that 20% of the pea plants in his garden produced 80% of the healthy pea pods and also discovered that 80% of the land in Italy was owned by 20% of the population.
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