Pareto's law

noun

Pa·​re·​to's law

pəˈrāt(ˌ)ōz-

: a statement in economics: the distribution of incomes in various countries and in various ages tends to be similar despite differences of governmental policy (as in taxation)

Word History

Etymology

after Vilfredo Pareto (Marchese di Parigi) †1923 Italian economist and sociologist

The Ultimate Dictionary Awaits

Expand your vocabulary and dive deeper into language with Merriam-Webster Unabridged.

1. Expanded definitions
2. Detailed etymologies
3. Advanced search tools
4. All ad-free

Discover what makes Merriam-Webster Unabridged the essential choice for true word lovers.

Start Your Free Trial Now