Tag: Resource Allocation
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Pareto Principle
The Pareto Principle articulates that a select few causes often yield a majority of results. This rule of thumb, rooted in wealth distribution observations, provides a framework for efficiency across various fields. Despite its broad applicability, it remains a guiding heuristic, not an absolute law.
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r/K Selection Theory
The concept of r/K Selection Theory categorizes species based on their reproductive strategies, distinguishing between rapid reproduction with numerous offspring and slower reproduction with greater investment in fewer offspring. This framework contributes to the understanding of biodiversity and resource management.