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In 1941 Joseph M Juran found the work of Italian Economist Vilfredo Pareto that will have a profound have an effect on on the course of his life. Pareto had a fantastic curiosity in finding out the social impression of economic programs and policies and undertook a big research of wealth distribution in Italy. The outcome of his study was that 80 {c5a7f3d1c22171cbfddf544e9ade51b4f34ca87efec200fd71031f019d0dff7e} of Italy?s wealth was controlled by just 20 {c5a7f3d1c22171cbfddf544e9ade51b4f34ca87efec200fd71031f019d0dff7e} of its inhabitants. This 80 / 20 ratio appeared also the identical when he broke down incomes in sub areas of Italy.

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