Comparison of Past and Present Tradeoffs and Opportunity Costs: A Review
Keywords:
Trade off, opportunity-cost, economy, covid-19, situation, comparison, global economy, effectAbstract
From the era of pirates, warlords, kings and queens the business practices are done in a successful manner. This leads to the profit and loss in economics. On the international scale sometimes, it leads to war between nations. The humans have developed an ecosystem in which economics play a vital role therefore the terms such as trade off and opportunity cost are developed. The mortal wisdom about economics leads to the interdependence, such knowledge gives birth to different theories in economics. In this review paper we have discussed about modern trade off and opportunity cost compare the trade off and opportunity cost of year 2019 to 2023, the results depending upon this review papers are depending upon the researcher paper mention below we have compared those research paper of this review paper and put the conclusion for it. During 2019 we covid-19 virus was
spread which caused sudden change in economy. Those changes were the reason for dropdown of economic conditions of all countries, while going through all research paper we see all the changes, impact, effects and also how we overcome it.
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