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Tradeoff
a balance achieved between two desirable but incompatible features; a compromise.
Economics
of, relating to, or based on the production, distribution, and consumption of goods and services
Personal Finance
financial management which an individual or a family unit performs to budget, save, and spend monetary resources over time, taking into account various financial risks and future life events.
Scarcity
the state of being scarce or in short supply; shortage.
Resources
a stock or supply of money, materials, staff, and other assets that can be drawn on by a person or organization in order to function effectively
Ration
a fixed amount of a commodity officially allowed to each person during a time of shortage, as in wartime
Note 
Flashcard (44)