Principle 1: People Face Tradeoffs

Making decisions requires trading off one goal against another.

केही पाउँदा केही न केही गुमाईएको हुन्छ ।

• कुखुरा पालौं कि ... विहे गरौं ....
• कलेज जाउँ कि .. फिल्म हेर्न जाउँ .....
• एम.वि.ए. पढौं कि .. जगिर खाउँ ...
• राम्रो खाने कि ... पैसा बचाउने
• काम गर्ने कि ...फुर्सद बस्ने ...

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To get one thing, we usually have to give up another thing.

• Guns v. butter
• Food v. clothing
• Leisure time v. work
• Efficiency v. equity