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pareto

 

Definitions from WordNet

Noun pareto has 1 sense
  1. Pareto, Vilfredo Pareto - Italian sociologist and economist whose theories influenced the development of fascism in Italy (1848-1923)
    --1 is a kind of sociologist; economist, economic expert

Definitions from the Web

  1. Noun:

    A term derived from the Pareto principle, also known as the 80/20 rule, which states that roughly 80% of the effects come from 20% of the causes.

    Example sentence: The company discovered that 20% of their clients accounted for 80% of their revenue; this phenomenon is known as pareto.

  2. Adjective:

    Describing something that follows the Pareto principle; indicating a concept or distribution where a small number of elements are responsible for a large percentage of the total.

    Example sentence: The pareto pattern emerged when analyzing the sales data, showing that a few products were driving the majority of the company's profits.

  3. Verb:

    To prioritize or allocate resources according to the Pareto principle, focusing efforts on the most significant aspects to achieve the greatest impact.

    Example sentence: The project manager advised the team to pareto their tasks, ensuring they dedicated their time and energy to the most critical areas.

  4. Related Products:

    To explore further applications of the Pareto principle, consider the following related products available on Amazon:

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