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The maximum amount of the combination of goods that a country can produce given its available resources and technology. It represents the different choices or trade-offs that society faces.
Means not using all the resources that you have.
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Why the production possibilities frontier graph is in curve?
the increasing costs resulting in increasingly less outputIt means underutilization of resources.
What is underutilization?
using fewer resources than an economy is capable of using
What is underutilization in economics?
using fewer resources than the economy is capable of using.
What is using fewer resources than an economy is capable of using called?
This situation is called underutilization. It can be both beneficial and harmful to a community. It's a benefit in that it saves some resources, but underutilizing resources can cause them to be produced in smaller numbers, leading to an imbalance as the resources are no longer underutilized because there is no longer a surplus.
. What is using fewer resources than an economy is capable of using called?
This situation is called underutilization. It can be both beneficial and harmful to a community. It's a benefit in that it saves some resources, but underutilizing resources can cause them to be produced in smaller numbers, leading to an imbalance as the resources are no longer underutilized because there is no longer a surplus.
Why the production possibilities frontier graph is in curve?
the increasing costs resulting in increasingly less outputIt means underutilization of resources.
What is underutilization?
using fewer resources than an economy is capable of using
What is underutilization in economics?
using fewer resources than the economy is capable of using.
What is under utilization of resources?
Underutilization of resources occurs when resources are not being used to their full potential, leading to inefficiency and waste. This could include unused or idle machinery, underutilized workforce, or inefficient allocation of financial resources. Addressing underutilization can improve productivity and reduce costs for an organization.
What is using fewer resources than an economy is capable of using called?
This situation is called underutilization. It can be both beneficial and harmful to a community. It's a benefit in that it saves some resources, but underutilizing resources can cause them to be produced in smaller numbers, leading to an imbalance as the resources are no longer underutilized because there is no longer a surplus.
What is using fewer resources than an economy is capable of using is called what?
This situation is called underutilization. It can be both beneficial and harmful to a community. It's a benefit in that it saves some resources, but underutilizing resources can cause them to be produced in smaller numbers, leading to an imbalance as the resources are no longer underutilized because there is no longer a surplus.
. What is using fewer resources than an economy is capable of using called?
This situation is called underutilization. It can be both beneficial and harmful to a community. It's a benefit in that it saves some resources, but underutilizing resources can cause them to be produced in smaller numbers, leading to an imbalance as the resources are no longer underutilized because there is no longer a surplus.
What does religious tolerance mean?
it means that they want more countrys to unite .
Where were the point of underutilization appear on a production possibilities graph?
no
How is underutilization depicted on a production possibilities frontier?
In economics, underutilization is depicted on a production possibilities frontier as it wastes recourses and causes shortage of that product faster than if the recourses were utilized.
How could a country develop its economy without a large supply of mineral resources?
A country can develop its economy without a large number of mineral resources by, Exporting Manufactured goods to other countrys.
Can massive unemployment shift the production possibility curve inward?
Massive unemployment will shift the PPC to the left because labour force remains underutilized. The economy will produce inside the PPC indicating underutilization of resources.
