The definition of trade off is an exchange where you give up one thing in order to get something else that you also desire. An example of a trade off is when you have to put up with a half hour commute in order to make more money. noun.

What are societal trade-offs?

We study the societal tradeoffs problem, where a set of voters each submit their ideal tradeoff value between each pair of activities (e.g., “using a gallon of gasoline is as bad as creating 2 bags of landfill trash”), and these are then aggregated into the societal tradeoff vector us- ing a rule.

How do you write a trade-off?

Trade-off sentence example

1. Jack had to make a trade-off between getting a good night’s sleep and staying up late to finish his research project.
2. Exercising and following a strict diet instead of eating junk food was a trade-off she was willing to make to get healthy.

What are some examples of trade?

Trade is defined as the general marketplace of buying and selling goods, the way you make a living or the act of exchanging or buying and selling something. An example of trade is the tea trade where tea is imported from China and purchased in the US. An example of trade is when you work in sales.

What are some examples of tradeoffs in society?

Think of allocating your time or money. Societies face a tradeoff between more consumer goods (low taxes) and more public goods (defense, social programs). Since governments can borrow, there is a tradeoff between consumption for current and future generations. There is sometimes a tradeoff between the environment and jobs.

What do you mean by trade off in Wikipedia?

From Wikipedia, the free encyclopedia. Jump to navigation Jump to search. A trade-off (or tradeoff) is a situational decision that involves diminishing or losing one quality, quantity, or property of a set or design in return for gains in other aspects. In simple terms, a tradeoff is where one thing increases, and another must decrease.

Why do people face trade offs in economics?

Recognizing that people face trade-offs does not by itself tell us what decisions they will or should make. A student should not abandon the study of psychology just because doing so would increase the time available for the study of economics.

Which is an example of a trade off in demography?

In demography, tradeoff examples may include maturity, fecundity, parental care, parity, senescence, and mate choice.