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1 Pareto’s Law
Gen Mgta theory of income distribution. Developed by Vilfredo Pareto, Pareto’s Law states that regardless of political or taxation conditions, income will be distributed in the same way across all countries. -
2 Pareto, Vilfredo Frederico Damaso
(1848-1923) Gen MgtItalian economist, mathematician, and sociologist. Originator of the eighty-twenty rule, and of the law of income distribution known as Pareto’s Law, which he explained in Cours d’Économie Politique (1896–97).The ultimate business dictionary > Pareto, Vilfredo Frederico Damaso
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3 eighty-twenty rule
Gen Mgtthe principle that explores the natural balance between the causes and effects of business activities, and holds that all business activities display an 80%/20% split. Developed by Vilfredo Pareto, the eighty-twenty rule can be used to concentrate management control and identify problem areas. Examples of the eightytwenty rule in practice might include: 20% of the workforce accounting for 80% of the salary bill; 80% of a company’s profits coming from 20% of its products; 80% of the stock value being tied up in 20% of the inventory. The rule can be represented graphically in the form of a Pareto chart, which is a bar chart identifying the relationships between causes and effects of activities.
См. также в других словарях:
Pareto's Law — Paˈreto s ˌLaw also Paˈreto s ˌprinciple, Paˈreto s ˌrule noun ECONOMICS the idea that a small part of something is responsible for a large part of its value. For example, 20% of the work people do produces 80% of the rewards. It is also… … Financial and business terms
Pareto’s Law — /pə ri:təυz lɔ:/, Pareto Effect /pə ri:təυ ɪˌfekt/ noun the theory that incomes are distributed in the same way in all countries, whatever tax regime is in force, and that a small percentage of a total is responsible for a large proportion of… … Dictionary of banking and finance
Pareto’s Law — /pəˌri:təυz lɔ:/, Pareto Effect /pə ri:təυ ɪˌfekt/ noun the theory that a small percentage of a total is responsible for a large proportion of value or resources … Marketing dictionary in english
pareto's law — pəˈrād.(ˌ)ōz noun Usage: usually capitalized P Etymology: after Vilfredo Pareto (Marchese di Parigi) died 1923 Italian economist and sociologist : a statement in economics: the distribution of incomes in various countries and in various ages… … Useful english dictionary
Pareto’s law — income distribution in a given economy tends to remain constant … Eponyms, nicknames, and geographical games
law — [lɔː ǁ lɒː] noun 1. [singular, uncountable] LAW the whole system of rules that citizens of a country must obey: • It is against the law (= illegal ) for children to work before they are fifteen. • There were easy profits for businessmen who were… … Financial and business terms
Pareto index — In economics the Pareto index, named after the Italian economist and sociologist Vilfredo Pareto, is a measure of the breadth of income or wealth distribution. It is one of the parameters specifying a Pareto distribution and embodies the Pareto… … Wikipedia
Law and economics — Law and Economics, or economic analysis of law is an approach to legal theory that applies methods of economics to law. It includes the use of economic concepts to explain the effects of laws, to assess which legal rules are economically… … Wikipedia
Pareto — can refer to:*Vilfredo Pareto (1848–1923), Italian sociologist, economist and philosopher; *Paula Pareto (born 1986), Argentine judokaSeveral things named after Vilfredo Pareto:*Pareto chart, an ordered bar chart used in statistical quality… … Wikipedia
Pareto principle — The Pareto principle (also known as the 80 20 rule, the law of the vital few and the principle of factor sparsity) states that, for many events, 80% of the effects come from 20% of the causes. Business management thinker Joseph M. Juran suggested … Wikipedia
Pareto distribution — Probability distribution name =Pareto type =density pdf cdf Pareto cumulative distribution functions for various k with x m = 1. The horizontal axis is the x parameter. parameters =x mathrm{m}>0, scale (real) k>0, shape (real) support =x in [x… … Wikipedia
