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80/20 Rule (Pareto Principle)
The 80/20 rule, commonly known as the Pareto Principle, states that 20% of your actions account for 80% of your results.
Explanation of Specific Terms:
- 80/20 rule: A concept that a small portion of efforts (20%) lead to the majority of outcomes (80%).
- Pareto Principle: Named after the Italian economist Vilfredo Pareto, who observed this principle in various scenarios, such as wealth distribution.
Key Points for Beginners:
- Why it's important: The 80/20 rule helps prioritize actions that have the most significant impact, improving efficiency and productivity.
- How it works: By identifying and focusing on the 20% of actions that yield the highest results, individuals and businesses can achieve better outcomes with less effort.
Valdis Zhvaginsh
Crypto Enthusiast, CWT Editor
Hello, I'm Valdis
When I began exploring cryptocurrencies, I had many questions. Over time, I've gathered some of the best resources that helped me, and I believe they can be useful to you as well.
I hope these resources assist you in starting your journey into the world of cryptocurrencies and provide useful tools for everyday tasks.
If you have any suggestions or corrections, please contact me
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