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In economics a trade-off is expressed in terms of the opportunity cost of a particular choice, which is the loss of the most preferred alternative given up. [2] A tradeoff, then, involves a sacrifice that must be made to obtain a certain product, service, or experience, rather than others that could be made or obtained using the same required resources.
Examples of tradeoffs can also be found in studies involving human subjects. A tradeoff can be seen between growth and immune function in human populations in which energy is a limiting factor. A study conducted on rural Bolivia found that children experiencing an elevated immune response had smaller gains in height than those with a normal ...
The competition-colonization trade-off theory has primarily been used to examine and describe the dispersal-linked traits of a plant's seeds. [7] Seed size is a primary feature that relates to a species ability to colonize or compete within a given population, the effect of seed size was displayed in dicotyledonous annual plants. [8]
Researchers in political economy have viewed the trade-off between military and consumer spending as a useful predictor of election success. [1] In this example, a nation has to choose between two options when spending its finite resources. It may buy either guns (invest in defense/military) or butter (invest in production of goods), or a ...
For example, an individual with severe asthma could be offered 10 years in their current condition, or a shorter length of time in full health. If this individual is willing to trade off two of the ten offered years in order to regain full health, this suggests that eight years in full health has the same value as ten years with severe asthma.
Back in 2023, for example, more than 1 in 4 investors (26 percent) reported that they had either sold or withheld investments because of elevated inflation, a Bankrate survey found. It came with a ...
For example, there is a trade-off between maximizing body size and maximizing lifespan, and between maximizing offspring size and maximizing offspring number. [5] [6] This is also sometimes seen as a choice between quantity and quality of offspring. [7] These choices are the trade-offs that life history theory studies.
The term, Tradespace, is a combination of the words "trade-off" and "playspace", where "trade-off" indicates the method of traversing the Tradespace in search of the optimal boundary space (e.g., trading off a cost in one cost center (variant A) for a cost in another cost center (variant B)).