Title: Trade-Offs in Economics: Definition & Examples - Business Class [2021 Video] | Study.com
Headings: Trade-Offs in Economics: Definition & Examples
Trade-Offs in Economics: Definition & Examples
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Definition of Trade-Offs in Economics
Trade-Off Examples
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Examples of Trade-Offs
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Trade-Offs in Economics: Definition & Examples
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Content: Trade-Offs in Economics: Definition & Examples - Business Class [2021 Video] | Study.com
Trade-Offs in Economics: Definition & Examples
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Instructor
Aaron Hill
Aaron has worked in the financial industry for 14 years and has Accounting & Economics degree and masters in Business Administration. He is an accredited wealth manager. View bio
Expert Contributor
Joseph Shinn
Joe has a PhD in Economics from Temple University and has been teaching college-level courses for 10 years. View bio
Learn about trade-offs in economics and why they are important to understand when making good decisions about your time, money and energy. Read about some trade-offs that you make every day, whether you realize it or not. Updated: 11/20/2019
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Definition of Trade-Offs in Economics
Have you ever had to make a decision about spending your money today versus tomorrow? For example, you might ask yourself, 'Should I go out to dinner tonight, or would I rather save my money so I can go to the movies tomorrow?'