Why Must a Tit-For-Tat Strategy Be a Long-Run Strategy

question 167

Essay

Why must a tit-for-tat strategy be a long-run strategy?

---

Definitions:

Economic Growth

An increase in the economic output and wealth of a country, typically measured by the gross domestic product (GDP).

Natural Capital

The world's stocks of natural assets which include geology, soil, air, water, and all living organisms.

Gross Domestic Product

The total value of all goods and services produced within a country in a specific time period, a measure of economic performance.

Economic Outputs

The total value of all goods and services produced by an economy over a specific period of time.