Metal parts being manufactured in factory

The video provides a brief introduction to the concept of trade-offs, explaining the necessity of making choices when faced with limited resources or conflicting priorities.

What does the term 'trade-off' mean in decision-making?

Can you provide an example of a trade-off you have encountered in your life?

How do trade-offs affect the choices we make?

In what situations might a trade-off be necessary?

What factors should be considered when evaluating a trade-off?