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English definition of “Pareto analysis”

Pareto analysis

noun [C or U]     ECONOMICS, WORKPLACE, PRODUCTION
a method for finding the main causes of a particular effect or problem so that money , effort , etc. is put into these causes , rather than less important ones : Pareto analysis is often applied to determine which parts of the design are most worthy of attention . → Compare ABC analysis
(Definition of Pareto analysis noun from the Cambridge Business English Dictionary © Cambridge University Press)
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