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Vilfredo Pareto

Description

Vilfredo Pareto was an Italian economist and sociologist known for his contribution to Pareto efficiency and the Pareto principle (also known as the 80/20 rule). He made significant advances in the study of income distribution and economic inequality.

Sample Sentences

Noun

1. Vilfredo Pareto's contributions to economics have had a lasting impact on the field.

2. The works of Vilfredo Pareto are considered essential reading for anyone studying income distribution.

Adjective

1. The Pareto analysis is commonly used in business to prioritize tasks effectively.

2. Pareto efficiency aims to allocate resources in a way that benefits the majority without harming others.

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