Difference between federalism and regionalism

Federal Constitution refers to the ways our government is able to pass federal laws, regional may refer to state constitutions in the US we operate under dual constitutionalism, where the government makes and enforces laws and the state can make it's own laws that are enforced inside it's boarders.

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Federalism looks at Federal Government as it’s superior source. Regionalism is typically states or territories

the loss of potential gain from other alternatives when one alternative is chosen.

Explanation:

1.When an option is chosen from alternatives, the opportunity cost is the "cost" incurred by not enjoying the benefit associated with the best alternative choice. The New Oxford American Dictionary defines it as "the loss of potential gain from other alternatives when one alternative is chosen.

2 .Since budgeting allows you to create a spending plan for your money, it ensures that you will always have enough money for the things you need and the things that are important to you. Following a budget or spending plan will also keep you out of debt or help you work your way out of debt if you are currently in debt.