when resources are fully employed, an economy can produce more of one thing only by producing less of something else
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.
when resources are fully employed, an economy can produce more of one thing only by producing less of something else
everyone has a possibility of being productive but most likely nothing will get done.
production possibilities curve convex to the origin. Elson Mendoza was here.
the possibility production curve show production that can be produces using minimum resources whereas the possibilty productive frointer show the attainable levls of production.
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.
when resources are fully employed, an economy can produce more of one thing only by producing less of something else
everyone has a possibility of being productive but most likely nothing will get done.
production possibilities curve convex to the origin. Elson Mendoza was here.
no
the possibility production curve show production that can be produces using minimum resources whereas the possibilty productive frointer show the attainable levls of production.
it really good
yes
Any point on the PPC curve
A point that lies outside a country's production possibilities curve means that the country is not able to produce. The possibility curve shows how a country can efficiently produce.
shift outward
Attainable, but the economy is inefficient.