Which term describes an agreement reached by each side making concessions?

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Study for the GMAS 8th Grade Social Studies Test with focused flashcards and multiple choice questions complete with hints and explanations. Get ready to excel!

Multiple Choice

Which term describes an agreement reached by each side making concessions?

Explanation:
When two sides negotiate and each gives up something to reach a middle ground, that situation is called a compromise. It captures the idea of mutual concession: both parties trade off preferences to find a shared solution. A concession is only what one side gives up, not the final agreement itself. An accord is a formal agreement, which can happen without both sides necessarily making concessions. A settlement is the final resolution of a dispute, which may or may not involve ongoing concessions as part of reaching it.

When two sides negotiate and each gives up something to reach a middle ground, that situation is called a compromise. It captures the idea of mutual concession: both parties trade off preferences to find a shared solution.

A concession is only what one side gives up, not the final agreement itself. An accord is a formal agreement, which can happen without both sides necessarily making concessions. A settlement is the final resolution of a dispute, which may or may not involve ongoing concessions as part of reaching it.

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