Pareto's law

noun
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)

History and Etymology for Pareto's law

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

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