Principle #01

Richard W Swinney

Jun 16

1 min read

Updated: Jul 10

People face trade-offs.

You cannot do all options of something at one single time.

For example, a student may face a trade-off when studying for Microeconomics or Mathematics.

Or, a parent may face a trade-off when saving for a college fund or spending for a vacation.

Or, a society may face a trade-off between having higher wages for workers and a cleaner air/environment.

Everyone faces trade-offs.

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