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you have always thought that learning to skydive would be fun. however, this activity would cost...

you have always thought that learning to skydive would be fun. however, this activity would cost money and require time away from other activities. this is an example of

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This is an example of trade off. Trade-off refers to a situational decision wherein you strive to maintain a sustainable pattern between two desirable however incompatible features; thus, it is forgoing one or more desirable outcomes in exchange for obtaining or increasing other desirable outcomes for maximization of the total return under given circumstances.

In the given example the person wants to learn skydiving, this activity needs money and time. This money and time can also be used in doing some other activities like buying goods and services or doing a business.

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