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the future production possibilities might be vary because of systematic risk prevailing in the industry (beta) and company's risk inhabited. the changing trend of sales also alter the future production possibilities. the decline in sale will harm the growth of the product/company. on the contrary increasing sales of a product will enhanced the growth rate in both short-run and long-run too.

the most critical factor affecting the production possibilities is the change in the demand of of a product/brand. increasing demand will boost up the production opportunities. conversely fall in demand will have not too much good impact on the production.

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A country that must reduce current consumption to increase future consumption possibilities?

must be producing along the production possibilities curve.


8. What does each point on a production possibilities curve show the relationship of shortage to scarcity the potential for future growth an efficient utilization of resources an underutilization of r?

Each point on a production possibilities curve (PPC) represents the efficient utilization of resources, indicating the maximum output possible for two goods given current resources and technology. Points on the curve demonstrate efficiency, while points inside the curve indicate underutilization of resources, and points outside are unattainable with current resources. The curve itself illustrates the concept of scarcity, as it shows the trade-offs between the two goods, highlighting the opportunity cost of reallocating resources. However, shifts of the curve outward can represent potential future growth, reflecting an increase in resource availability or technological advancements.


Could a future advance in technology allow production beyond the production possibility curve?

yes


How is future related to current demand?

if the price is expected to rise,current demand will rise.


What is a word for The interest of the future?

A word that encapsulates the interest of the future is "futurism." This term refers to the exploration and anticipation of future trends, technologies, and possibilities. It often encompasses a forward-thinking perspective that emphasizes innovation and the potential impact on society.

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