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Write short notes on production possibility curve

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Production possibility curve (PPC) is the focus of combinations of two commodities whose production
fully and efficiently utilizes the available resources and technology in a given period of time. It shows the maximum output a country can produce with its present productive capacity of land, labor, capital and
entrepreneurial ability. It is also a graphical representation of the basic concepts of the discipline of
economics, that is, scarcity, choice and opportunity cost.

Wilfykil answered the question on February 4, 2019 at 09:21

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Write short notes on production possibility curve

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