Some principles similar to the Pareto principle include the Peter Principle, Parkinson's Law, and the Law of Diminishing Returns. The Peter Principle states that in a hierarchy, employees tend to rise to their level of incompetence. Parkinson's Law states that work expands to fill the time available for its completion. The Law of Diminishing Returns states that if one factor of production is increased while others are held constant, the output per unit of the variable factor will eventually diminish.
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