What is trade-off give example?

In economics, a trade-off is defined as an “opportunity cost.” For example, you might take a day off work to go to a concert, gaining the opportunity of seeing your favorite band, while losing a day’s wages as the cost for that opportunity.

What is an example of a trade-off in science?

In biology, a trade-off exists when one trait cannot increase without a decrease in another (or vice versa). A commonly cited example is a trade-off between the size and number of eggs that, for example, a fish, bird or turtle can produce in a given clutch.

What is an example of a society trade-off?

Trade-offs emerge when an action, for example, a management intervention, enhances one aspect to the detriment of another. Take for example a coastal system in which people rely on ecological resources for their livelihoods. This is what we call a social-ecological trade-off.

How do you describe a trade-off?

A trade-off (or tradeoff) is a situational decision that involves diminishing or losing one quality, quantity, or property of a set or design in return for gains in other aspects. In simple terms, a tradeoff is where one thing increases, and another must decrease.

What are trade-off decisions?

Making decisions requires trading off one item against another. In economics, the term trade-off is often expressed as an opportunity cost, which is the most preferred possible alternative. A trade-off involves a sacrifice that must be made to get a certain product or experience.

What are some examples of trade?

Trade is defined as the general marketplace of buying and selling goods, the way you make a living or the act of exchanging or buying and selling something. An example of trade is the tea trade where tea is imported from China and purchased in the US. An example of trade is when you work in sales.

What exactly is a trade-off?

What are three examples of important trade-offs that you face in your life?

What are three examples of important trade offs that you face in…

• after opening the eye at first and of deciding that this world is our rival or a friend.
• choosing the streams English or commerce or Science.
• death as the trade off that we have to face in our life.

How do you identify trade-offs?

In economics, the term trade-off is often expressed as an opportunity cost, which is the most preferred possible alternative. A trade-off involves a sacrifice that must be made to get a certain product or experience. A person gives up the opportunity to buy ‘good B,’ because they want to buy ‘good A’ instead.

Is there such a thing as a trade-off?

Nor, for once, does the good ride mean a trade-off in compromised handling. Essentially the decision comes down to a trade-off between features and portability. There is a trade-off between perfection on the one hand and speed, economy, and finality on the other hand.

How are trade-offs discussed in economics and politics?

• In economics, trade-offs are mostly discussed in the context of the opportunity to realize different political or even societal objectives – to realize the different benefits of user groups. Trade-offs

How are trade-offs used in the grocery store?

As a grocery store shopper, you make a trade-off every time you put an item in your cart. Wow, those are a lot of trade-offs! For example, when you buy the name brand cereal, you are making a trade-off against purchasing the generic brand and using the additional savings to buy another item you may not have been able to afford otherwise.

What’s the best trade off for a term paper?

The first trade-off might be the four hours you are giving up that you could use to perhaps finish your term paper. Another potential trade-off might be the $40 that you need to fill up your car with gas. Finally, you know that you might wake up with a headache and most likely will miss your Saturday morning workout that you look forward to.