Question For The Day 14 July 06

What is this 80:20 Rule better Known As ::

80% of your income will come from 20% of your clients .
or
80% of the problems are caused by 20% of the causes.



Hints

1. The name of the principle resembles a Well Known Company ( Biscuits / Toffee )
2. 1906, Italian economist Vilfredo ?????. ( Hope I remember correctly )
3. If you had eaten " Boiled Egg / Omelettes " from Road side Vendor. You could have observed this principle in action.


Answer for the Day is " Pareto's Principle "
When ever you are free take some time out to study this rule .
The rule is applied in almost all walks of life. And is decently researched upon by different economists.
In day to day routines you can observe the practical applications of this Principle.