Pareto's Law

Definitions

Accounting

• noun
  (written as Pareto’s Law)
  the theory that incomes are distributed in the same way in all countries, whatever tax regime is in force, and that a small percentage of a total is responsible for a large proportion of value or resources.

Economics

• noun the theory that incomes are distributed in the same way in all countries, whatever tax regime is in force; Pareto saw that a small percentage of a total is responsible for a large proportion of value or resources.

Nearby Definitions of “Pareto's Law”

• Panjandrum
• pantomime
• parallel
• parameter
• Pareto optimality
• Pareto's Law
• park
• parody
• part
• partial equilibrium
• partnership

Contexts for “Pareto's Law”

2 definitions in context
• Accounting
• Economics