Meaning of “Pareto analysis” in the English Dictionary

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"Pareto analysis" in Business English

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Pareto analysisnoun [ C or U ]

uk us 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.
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(Definition of “Pareto analysis” from the Cambridge Business English Dictionary © Cambridge University Press)