Trade-off

 

 

 

Trade-off

 

Glossary of business

 

Definition of trade-off

 

A trade-off is when one thing has to be sacrificed in order to obtain something else. When there is a trade-off this means that there is an opportunity cost. To get one thing something else has to be given up. For example, there was always thought to be a trade-off between unemployment and inflation. To get lower unemployment, it was thought that governments had to accept higher inflation.

 

Source : http://business-tes.wikispaces.com/file/view/Glossary.doc

link: http://business-tes.wikispaces.com/

Author : not indicated on the source document of the above text

 

Terminology about business

 

Job world

 

 

Definition and meaning of trade-off

 

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Meaning of trade-off

 

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