Examlex
In evolutionary terms,'fitness' refers to
Scarce Resource
An economic term referring to a resource that has limited availability in relation to its demand, leading to allocation decisions.
Opportunity Cost
The cost of forgoing the next best alternative when making a decision.
Alternative Choices
Different options or courses of action that can be taken in a decision-making process.
Sunk Cost
A cost that has already been incurred and cannot be recovered, regardless of future events.
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