| Main Entry: | Pareto principle |
| Part of Speech: | n |
| Definition: | a theory that states for many phenomena 80% of the effects stem from 20% of the causes; also called 80-20 rule, Pareto's law |
| Etymology: | named after Italian economist Vilfredo Pareto by Joseph Juran |
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| an extraordinary or unusual thing, person, or event; an exceptional example or instance. |
| a children's mummer's parade, as on the Fourth of July, with prizes for the best costumes. |