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A greedy algorithm is one which

172
8%
13
consumes large amounts of memory to obtain fast practical solutions
4%
7
only works when people can spend large amounts of income on the computing resources needed
5%
8
solves a problem at the expense of other problems
82%
141
solves a problem by seeking a best-case solution in the small at each step, but then the combination of best steps produces a global best solution
2%
3
sacrifices some accuracy to obtain a pretty good solution in fast time, when a totally accurate solution would take far too much time to be practical
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