Over the weekend I had time to read some great books on economics and as such and I’ve become more aware of a phenomenon known as the Pareto Principle or the 80/20 rule.
Vilfredo Pareto was an Italian economist who was living and working during the 19th century. During his career he had discovered a law of nature which was later known as the 80/20 rule. The rule simply states that for many events, 80% of the effects come from 20% of the causes. [...]