Topics

Positive-Sum Game

A positive-sum game in economics is a situation where all participants can gain or benefit in some way, and the total gains are greater than the total losses. This concept contrasts with zero-sum games, where one player's gain is exactly balanced by another's loss. Positive-sum games are crucial in understanding cooperation, trade, and economic growth.

See also

© 2002-2024 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.