
Trade off
Decision Making
Used when decisions involve losing one benefit for gaining another.
Choosing a job closer to home is a trade off for a higher salary elsewhere.
Resource Allocation
Helps discuss how limited resources like time, money, or effort are distributed.
There's a trade off between the number of employees and the funds available for raises.
Quantities
Can involve physical quantities, like distance or weight, not just conceptual ones.
The trade off for a bigger car is often less fuel efficiency.
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