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
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
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.
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.
below or to the left of the production possibilities frontier
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.