An economy can produce different possible combinations of goods & services with given resources. The problem is that, out of these different combinations, which combination is produced. If production of one good increases then less resources will be available for other goods.
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Anju Dorbi
An economy can produce different possible combinations of goods & services with given resources. The problem is that, out of these different combinations, which combination is produced. If production of one good increases then less resources will be available for other goods.