What is a 'trade off'?

It involves choosing more of one and less than another, or choosing something instead of another.This means that 2 options are compared against each other in a scenario to find an optimum that will meet the conditions necessary.

CH
Answered by Cora H. Economics tutor

7320 Views

See similar Economics GCSE tutors

Related Economics GCSE answers

All answers ▸

How would an increase in interest rates impact aggregate demand


What is the difference between the current account deficit and the government deficit?


What is are economies of scale?


What is meant by the different sectors of economies?


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

MyTutor is part of the IXL family of brands:

© 2026 by IXL Learning