Production Possibility Curve shows the different combinations of two goods which an economy can produce with available technology and resources. It would shift towards right-hand side in case of growth of resources or technological progress.
What does a PPC show? When will it shift to the right?
Answers
Ahmad
Production Possibility Curve shows the different combinations of two goods which an economy can produce with available technology and resources. It would shift towards right-hand side in case of growth of resources or technological progress.