Establishment of institutes of science and …
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Posted by Shubham Malik 7 years ago
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Kartikey Negi 7 years ago
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Yogita Ingle 7 years ago
By establishing a large number of institutes of science and technology, the PPC or Production Possibility Frontier of an economy will shift upwards as there are more skilled resources and technology in the economy. As a result, the production potential of the economy will increase and then the PPC will shift to the right
I think with large number of institutes, more people will get trained and workforce will increase, i.e. rise in human resources. so, rightward shift.
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