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Showing 1–3 of 3 results tagged Economics · clear

Free to Choose in Under 2 Minutes

Each episode of the original 1980 Free To Choose has been revised into a timeless, 2 minute video to introduce citizens to the phylosophy and the ideas of Milton Friedman

Video Series

Trade-Off

A trade-off is the idea that choosing one option usually means giving up something else. Because resources like time, money, and labor are limited, individuals, businesses, and governments must constantly make decisions between competing priorities. Economists often emphasize that there are no perfect solutions — only different costs and benefits.