That's the "Pareto Principle" whereas the frontier is talking about Pareto efficiency. They have the same name because both were first developed by the economist Vilfredo Pareto, but they're not actually otherwise related.
That's the "Pareto Principle" whereas the frontier is talking about Pareto efficiency. They have the same name because both were first developed by the economist Vilfredo Pareto, but they're not actually otherwise related.