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Tradeoffs

Definition: Tradeoffs refer to the act of giving up one thing to gain another. It occurs when a decision or a choice is made, and one alternative is selected over another.

Examples:

1. Noun: In the world of economics, tradeoffs are necessary when allocating limited resources.
2. Verb: The company had to tradeoff short-term profits for long-term sustainability.
3. Adjective: This particular strategy has its tradeoff benefits and drawbacks.
4. Adverb: The team managed to tradeoff skillfully between speed and accuracy.

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• "The Upside of Trade-Offs: Why Inefficiency Can Make Life Better" - by Mariana Mazzucato
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• "The Art of Decision Making: How we Move from Indecision to Smart Choices" - by Joseph Bikart