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It may also be called as Idea of maximum parsimony. It is used in phylogenetics to construct phylogenetic trees which require the least number of evolutionary events.
The principle of least effort / path of least resistance fit pretty well: animals, people, and systems (like evolution or a mechanical system like a machine) will naturally choose the path of least resistance or effort. The principal applies to chemistry (low energy states) and physics (the path an electrical current takes) as well. Occam's Razor fits ...
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