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Establishment of institutes of science and …

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Establishment of institutes of science and tech. Effect on ppc??explain
  • 2 answers

Yogita Ingle 5 years, 4 months 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.

Kartikey Negi 5 years, 4 months ago

An Outward shif.. Reason - Establishment of institutes of science and Tech will result in improvement in Technology. All the best. Kartikey
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