An example of some of the trade-offs is opportunity cost and some challenges are:
A trade-off is known to be also as an "opportunity cost." Note that it is the price or amount of something that has been forgone.
Note that An opportunity cost serves as an example of trade-offs in terms of an individual's decision to be a full-time worker and take time off work and have their salary slashed so as to be able to attend medical school.
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