A Beginner’s Guide to the 80/20 Rule

The 80/20 rule (officially called the Pareto Principle) is a general rule that states that 80% of all effects come from around 20% of the causes. The idea behind this rule is that it can be applied to basically any field. In business, the Pareto Principle states that 80% of all your profit is going to come from 20% of your products. It also means that 80% of all work is done by 20% of your employees. It can apply to basically any field that you can think of, including sports, math, healthcare, and fitness. In this article, we are going to look at how the 80/20 rule can be applied in various fields to give you a better understanding of the principle as a whole. In Healthcare The 80/20 rule can definitely be seen in healthcare. As a general rule of thumb, 80% of all healthcare resources will go to helping 20% of all patients. Those 20% of patients are typically the elderly or those with persistent health issues who need round-the-clock care. In Sports In sports where anal…
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