What is the synonym of the word population?
populace, body politic, state, company. in the sense of folk.
Is human capital and population are synonyms?
Human capital is a bit different. Human capital here would seem to refer to “population” or “healthy population” in a general way, viewing that population as a source of national wealth—a wealth that is assessed in ways that go beyond a statistical measure of labor, earnings, and output.
What is the other term of human resources?
Similar terms include manpower, labor, personnel, associates or simply: people.
What are the synonyms of human capital?
What is another word for human capital?
| experience capital | human assets |
|---|---|
| combined experience | combined knowledge |
| human resources |
What is another word for trade off?
What is another word for trade-off?
| exchange | swap |
|---|---|
| trade | commutation |
| barter | dicker |
| truck | quid pro quo |
| back-and-forth | interchange |
Is trade offs a word?
or trade′off`, n. the exchange of one thing for another of more or less equal value, esp. to effect a compromise.
What is a good example of a trade off?
The definition of trade off is an exchange where you give up one thing in order to get something else that you also desire. An example of a trade off is when you have to put up with a half hour commute in order to make more money.
What are some examples of trade offs?
In economics, a trade-off is defined as an “opportunity cost.” For example, you might take a day off work to go to a concert, gaining the opportunity of seeing your favorite band, while losing a day’s wages as the cost for that opportunity.
How do you identify trade offs?
In economics, the term trade-off is often expressed as an opportunity cost, which is the most preferred possible alternative. A trade-off involves a sacrifice that must be made to get a certain product or experience. A person gives up the opportunity to buy ‘good B,’ because they want to buy ‘good A’ instead.
What are three examples of important trade offs that you face in your life?
Give three example of important trade offs that you face in life
- after opening the eye at first and of deciding that this world is our rival or a friend.
- choosing the streams English or commerce or Science.
- death as the trade off that we have to face in our life.
Why does every decision involve trade offs?
Every decision involves trade-offs because every choice you want results in picking it over something else. You can’t always get what you want, like having two things. Opportunity cost means choosing the better one of two ideas. There will always be an alternative; what could have happened instead.
Why do trade-off exist?
The necessity of making trade-offs alters how we feel about the decisions we face; more important, it affects the level of satisfaction we experience from the decisions we ultimately make. One of the most important areas where we need to pay attention to tradeoffs is when we make decisions.
What are three examples that illustrate how all decisions involve trade offs?
There are three examples that show how decisions involve trade offs. Individuals and trade offs: you choose to spend more time at work, you give up watching movie. Business and trade offs: farmers that plant broccoli cannot use that land to grow cauliflower.
What is the relationship between scarcity and opportunity cost?
This concept of scarcity leads to the idea of opportunity cost. The opportunity cost of an action is what you must give up when you make that choice. Another way to say this is: it is the value of the next best opportunity. Opportunity cost is a direct implication of scarcity.
What is an opportunity cost example?
When economists refer to the “opportunity cost” of a resource, they mean the value of the next-highest-valued alternative use of that resource. If, for example, you spend time and money going to a movie, you cannot spend that time at home reading a book, and you can’t spend the money on something else.
What does an opportunity cost a person to lose?
Opportunity cost is the value of what you lose when choosing between two or more options. When you decide, you feel that the choice you’ve made will have better results for you regardless of what you lose by making it.
What is opportunity cost concept?
Opportunity costs represent the potential benefits an individual, investor, or business misses out on when choosing one alternative over another. The idea of opportunity costs is a major concept in economics. Bottlenecks, for instance, are often a result of opportunity costs.
What is a real life example of opportunity cost?
The opportunity cost is time spent studying and that money to spend on something else. A farmer chooses to plant wheat; the opportunity cost is planting a different crop, or an alternate use of the resources (land and farm equipment). A commuter takes the train to work instead of driving.