Zero-sum game - Business concept of the day
Economy
332 week ago — 1 min read
Definition: Zero-sum is a situation in which one person’s gain is equivalent to another’s loss, so the net change in wealth or benefit is zero
Example: An example of a zero-sum game would be gambling and some trading instruments like futures & options.
Business Insight: It is important to remember, that the economy is primarily governed not by zero-sum games but by non-zero sum games. Trade agreements, partnerships, mutually beneficial collaborations are what underpin an economy's growth.
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