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If choosing something means you give up something else what is the economic term for this?
Wiki User
∙ 13y ago
The economic term for the cost of a choice is the opportunity cost.
Wiki User
∙ 13y ago
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What economic term for what you lose when using resources for something else?
The economic term for what you lose when using resources for something else is known as opportunity cost.
What is the economic term for what you lose when using resources for something else?
The economic term for what you lose when using resources for something else is known as opportunity cost.
When you make an economic not to buy something so that you can buy something else it is called a what?
trade - off
What does give something back mean?
Give something back means if you take something you must give someone something else in return.
What word means to give something in return for something else?
The word you may be looking for is "trade" or "barter," perhaps even "exchange."
What economic term for what you lose when using resources for something else?
The economic term for what you lose when using resources for something else is known as opportunity cost.
In economics the choice to do something is also the choice to not do something else?
Opportunity cost is the choice to do something but choosing that requires you not to something else.
What is the economic term for what you lose when using resources for something else?
The economic term for what you lose when using resources for something else is known as opportunity cost.
What is the economic terms for what you lose when using resources else?
The economic term for what you lose when using resources for something else is known as opportunity cost.
When you make an economic not to buy something so that you can buy something else it is called a what?
trade - off
What term is used for what you lose when using resources for something else?
The economic term for what you lose when using resources for something else is known as opportunity cost.
What is to like something else in all ways?
"Identical" means like something else in every way.
What is to be like something else in all ways?
"Identical" means like something else in every way.
What part of speech is camouflage?
It means to blend in with something(s) or everyone else It means to blend in with something(s) or everyone else It means to blend in with something(s) or everyone else It means to blend in with something(s) or everyone else It means to blend in with something(s) or everyone else It means to blend in with something(s) or everyone else It means to blend in with something(s) or everyone else It means to blend in with something(s) or everyone else
What is the mean of change?
it means when something turns into something else, it changes.
What does the word imbed means?
Something is imbedded in something else when it is stuck into it.
What is the meaning Chang?
it means when something turns into something else, it changes.
