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The Williamson tradeoff model is a theoretical model in the economics of industrial organization which emphasizes the tradeoff associated with horizontal mergers between gains resulting from lower costs of production and the losses associated with higher prices due to greater degree of monopoly power.
Researchers in political economy have viewed the trade-off between military and consumer spending as a useful predictor of election success. [1] In this example, a nation has to choose between two options when spending its finite resources. It may buy either guns (invest in defense/military) or butter (invest in production of goods), or a ...
In economics a trade-off is expressed in terms of the opportunity cost of a particular choice, which is the loss of the most preferred alternative given up. [2] A tradeoff, then, involves a sacrifice that must be made to obtain a certain product, service, or experience, rather than others that could be made or obtained using the same required resources.
“Potential shifts in trade policies, manufacturing costs or interest rates could directly impact sourcing and operations.” Businesses are preparing for anything and everything that could be ...
The term, Tradespace, is a combination of the words "trade-off" and "playspace", where "trade-off" indicates the method of traversing the Tradespace in search of the optimal boundary space (e.g., trading off a cost in one cost center (variant A) for a cost in another cost center (variant B)).
The four actions framework aids in eliminating the trade-off between differentiation and low cost within a company. The four actions framework consists of the following: Raise: This questions which factors must be raised within an industry in terms of product, pricing or service standards.
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More recent research suggests that there is a moderate trade-off between low-levels of inflation and unemployment. Work by George Akerlof , William Dickens , and George Perry , [ 16 ] implies that if inflation is reduced from two to zero percent, unemployment will be permanently increased by 1.5 percent because workers have a higher tolerance ...