the Pareto principle Meaning in Cambridge Business English Dictionary
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Meaning of "the Pareto principle" - Business English Dictionary

the Pareto principle

noun [S]
 
 
( also Pareto's law , informal the 80/20 rule) ECONOMICS, WORKPLACE, PRODUCTION
the idea that a small quantity of work or resources (= time, money, employees, etc.) can produce a large number of results: The Pareto principle, when applied to time, states that 20% of your time determines 80% of your production. The Pareto principle can be applied to quality improvement, as the majority of problems (80%) are produced by a few key causes (20%).
(Definition of the Pareto principle from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of the Pareto principle?
Add Cambridge dictionaries to your browser to your website
Word of the Day
post

something such as a message or picture that you publish on a website or using social media

Word of the Day

July 4th, Bastille Day, and the language of revolution.
July 4th, Bastille Day, and the language of revolution.
by Liz Walter,
July 01, 2015
With America’s Independence Day on the 4th and France’s Bastille Day on the 14th, July certainly has a revolutionary theme, so this blog looks at words and phrases we use to talk about the dramatic and nation-changing events that these days celebrate. In particular, it focuses on one of the most important

Read More 

burger noun
burger noun
June 29, 2015
a menu on a computer screen comprising three short parallel horizontal lines which the user clicks to see options Definitely use a burger. You could put the settings in the burger menu too. Fix the settings to the bottom of the burger menu and use a vertically scrolling contact list that scrolls behind

Read More