Trade-offs create opportunity costs. The thing you don't choose when you make a trade-off is your opportunity cost
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The way scarce resources get distributed within an economy determines the type of economic system. There are four different types of economies; traditional economy, market economy, command economy and mixed economy. Each type of economy has it’s own strengths and weaknesses.
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Sport psychologists teach cognitive and behavioral strategies to athletes in order to improve their experience and performance in sports.
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