a balance achieved between two desirable but incompatible features; a compromise.
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Economics
of, relating to, or based on the production, distribution, and consumption of goods and services
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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.
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Scarcity
the state of being scarce or in short supply; shortage.
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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
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Ration
a fixed amount of a commodity officially allowed to each person during a time of shortage, as in wartime
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Flashcard (85)