Title: Difference Between Opportunity Cost and Trade Off
Headings: Difference Between Opportunity Cost and Trade Off
Difference Between Opportunity Cost and Trade Off
Main Difference – Opportunity Cost vs Trade Off
What is Opportunity Cost
What is Trade Off
Similarities Between Opportunity Cost and Trade off
Difference Between Opportunity Cost and Trade Off
Definition
Opportunity
Opportunity Cost vs Trade Off – Conclusion
About the Author: G.Perera

Content: Trade off is a concept that refers to two opportunities or more with choice. Opportunity Cost vs Trade Off – Conclusion
Trade off and opportunity cost are important and useful concepts in economics. They can be used in many business and real life situations. Trade off is sacrificing certain option to get another opportunity whereas opportunity cost is the cost that has to incur as a result of selecting the so-called opportunity. Opportunity cost is the result of trade off. Image Courtesy: “Three options – three choices scheme” By Jagbirlehl – Own work (CC BY-SA 3.0) via Commons Wikimedia
“Ppf2 small” – original uploader was Mydogategodshat at English Wikipedia – Transferred from en.wikipedia to Commons by Jarry1250 using Commons Helper. ( CC BY-SA 3.0) via Commons Wikimedia
About the Author: G.Perera
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