80% of the impacts are actually created from 20% of the causes governing the phenomenon. Applying it in specific fields, people can relate the cause and effects generated to the particular domains. For example, in business, 80% of the sales are generated from 20% of the customers.
Diagrams
Originated from/Coined by
Vilfredo Pareto
Further Reading/ References
https://www.investopedia.com›Insights›Markets&Economy;https://en.wikipedia.org/wiki/Pareto_principle