Concept: trade-off

A trade-off refers to giving up one thing in return for something else. It implies a decision to be made with both an upside and downside of a particular choice.


The Deal icon

The Deal

opportunity cost | trade-off

The Nose Job icon

The Nose Job

commitment device | game theory | trade-off

The Pez Dispenser/The Pick (Part II) icon

The Pez Dispenser/The Pick (Part II)

entrepreneurship | intellectual property rights | trade-off

The Pez Dispenser/The Pick (Part I) icon

The Pez Dispenser/The Pick (Part I)

entrepreneurship | intellectual property rights | trade-off

The Sponge icon

The Sponge

opportunity cost | scarcity | trade-off