study guides for every class
that actually explain what's on your next test
Trade-off
from class:
AP Microeconomics
Definition
A trade-off is the sacrifice made when choosing one option over another. It involves giving up something in order to gain something else.
"Trade-off" also found in:
© 2025 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.