Using the Pareto's principle in bank activity
One of the most important principles, which is successfully used in different branches of economic is Pareto's principle. Application of this principle, as a rule, increases the effectiveness of business. As it would be proved, Pareto's principle could be used by banks too, but there are s...
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| Format: | Article |
| Language: | English |
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Peoples’ Friendship University of Russia (RUDN University)
2009-03-01
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| Series: | RUDN Journal of Economics |
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| Online Access: | http://journals.rudn.ru/economics/article/view/12056 |
| Summary: | One of the most important principles, which is successfully used in different branches of economic is Pareto's principle. Application of this principle, as a rule, increases the effectiveness of business. As it would be proved, Pareto's principle could be used by banks too, but there are some specific limitations, which mustn't be forgotten. The complex use of two, three or more recommendations, which are flowed from Pareto's principle, could reflect on the growth of effectiveness of banks' business. |
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| ISSN: | 2313-2329 2408-8986 |