What is the 80:20 ratio? What are the implications for income inequality when the 80:20 ratio increases

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What is the 80:20 ratio? What are the implications for income inequality when the 80:20 ratio increases within a country?

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Introduction To Economics Social Issues And Economic Thinking

ISBN: 9780470574782

1st Edition

Authors: Wendy A. Stock

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Question Posted: Oct 28, 2023 12:55 AM

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What is the 80:20 ratio? What are the implications for income inequality when the 80:20 ratio increases

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The 8020 ratio also known as the Pareto principle is a statistical observation that states that for many outcomes roughly 80 of consequences come from ...View the full answer

Introduction To Economics Social Issues And Economic Thinking

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