One method for studying opportunity cost is to think in terms of risk and ability.
pros and cons.
tradeoffs
trial and error.

tradeoffs

Explanation:

If we are given two or more alternative choices each is associated with benefits and limits then if we choose one alternative then we have to bear the opportunity cost of the loss occurs due to benefit of other alternatives not chosen. A trade-off can be defined as a situational decision in which in an attempt to gain in return one has to loose one quality or quantity or beneficial property. So, the trade off involves the decisions for making choices which may involve benefit or loss.

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