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What is Production Opportunities?

Updated: 12/14/2022
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11y ago

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The investment opportunities in productive (cash-generating) assets.

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How does a production possibilities curve illustrate how efficient an economy is?

A production possibilities curve illustrates how efficient an economy is by indicating the possibly opportunities in the economy. This will also illustrate the relevant costs entailed in the production.


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Productive Opportunities by Kayors A short answer which I hope will help: The definition of what can be produced within an economy or "productive opportunities" would depend on the advancement of technology, the availability and access to resources and also what producers and entrepreneurs can think of at the given time. If you are into economics, a simpler understanding can be derived from the Production Possibilities Frontier Model which also explain the concept of scarcity and opportunity cost. A more in-depth view may be obtained from production theory.


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