Partha S Karmaker

July 4, 2017

Is it even possible to eradicate poverty completely?

According to the Pareto principle80% of the world’s wealth is in the hands of 20% of the people. Even if more resources are created, the distribution of the new wealth will follow the same rule. This rule does not only work in economics, but it also applies in science and sports for the prediction of results, and in computer engineering for simulation and testing.