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  • 24-02-2021
  • Business
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definition of trade-offs?

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  • 24-02-2021

Answer:

Economics is all about tradeoffs. A tradeoff is loosely defined as any situation where making one choice means losing something else, usually forgoing a benefit or opportunity. We experience tradeoffs in zero-sum situations, when a plus in one area must be a negative in anothe

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