What does vilfredo pareto mean?
Definitions for vilfredo pareto
vil·fre·do pare·to
This dictionary definitions page includes all the possible meanings, example usage and translations of the word vilfredo pareto.
Princeton's WordNet
Pareto, Vilfredo Paretonoun
Italian sociologist and economist whose theories influenced the development of fascism in Italy (1848-1923)
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vilfredo pareto
Vilfredo Pareto was an Italian sociologist, economist, and philosopher known for the creation of the Pareto Principle, also known as the 80/20 rule, which states that roughly 80 percent of the effects come from 20 percent of the causes. This principle has been applied in various fields including economics and business management. Pareto also contributed significantly to the study of income distribution and famously developed the concept of Pareto efficiency in economics. He was born in 1848 and died in 1923.
Wikidata
Vilfredo Pareto
Vilfredo Federico Damaso Pareto was an Italian engineer, sociologist, economist, political scientist and philosopher. He made several important contributions to economics, particularly in the study of income distribution and in the analysis of individuals' choices. He was also responsible for popularising the use of the term "elite" in social analysis. He introduced the concept of Pareto efficiency and helped develop the field of microeconomics. He was also the first to discover that income follows a Pareto distribution, which is a power law probability distribution. The Pareto principle was named after him and built on observations of his such as that 80% of the land in Italy was owned by 20% of the population. He also contributed to the fields of sociology and mathematics.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of vilfredo pareto in Chaldean Numerology is: 9
Pythagorean Numerology
The numerical value of vilfredo pareto in Pythagorean Numerology is: 4
Translations for vilfredo pareto
From our Multilingual Translation Dictionary
- vilfredo paretoItalian
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"vilfredo pareto." Definitions.net. STANDS4 LLC, 2024. Web. 19 Apr. 2024. <https://www.definitions.net/definition/vilfredo+pareto>.
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