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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.
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 ...
During a visit to Central Asia, Lord Cameron said the commitment was ‘necessary’ to protect national security as ‘the first priority of government’.
The article Energy Consultants with Charles River Associates (CRA) Release Study on the Economic Trade-Offs between LNG Exports and Manufacturing in the US Economy originally appeared on Fool.com.
Trade-offs: Working more, buying less groceries Rachel Gripp, a mother of four, said she owes about $21,000 in student loan debt, about 50% more than when she started because of interest.
In economics, the market mechanism is a mechanism by which the use of money exchanged by buyers and sellers with an open and understood system of value and time trade-offs in a market tends to optimize distribution of goods and services in at least some ways.
The political trilemma of the world economy is a concept created by economist Dani Rodrik to capture the trade-offs that governments faced in their responses to ...