Title: Why does every decision involve trade offs?
Headings: Why does every decision involve trade offs?
Why does every decision involve trade offs?
Content: personal finance financial planning
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Every decision involves trade-offs because every choice you want results in picking it over something else. Opportunity cost means choosing the better one of two ideas. There will always be an alternative; what could have happened instead. Describe how people make decisions by thinking at the margin. Click to see full answer
Subsequently, one may also ask, how do decisions involve trade offs? A trade-off is all alternatives given up when choosing one option. The other other alternatives in that decision are the trade-offs. Therefore, every decision involves trade-offs.