using fewer resources than an economy is capable of using
no
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.
using fewer resources than the economy is capable of using.
the increasing costs resulting in increasingly less outputIt means underutilization of resources.
At any point of underutilization/any point inside of the curve
An example of underutilization could be operating a manufacturing plant at only 50% capacity due to low demand, resulting in wasted resources and inefficiency.
no
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.
using fewer resources than the economy is capable of using.
below or to the left of the production possibilities frontier
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.
the increasing costs resulting in increasingly less outputIt means underutilization of resources.
Unconstitutional, uncharacteristic, unapologetically, underutilization and unsatisfactorily are 16 letter words. They begin with the prefix UN.
At any point of underutilization/any point inside of the curve
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.
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.
below or to the left of the production possibilities frontier