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Why is production possibility curve also …

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Why is production possibility curve also termed as production possibilitiy curve.

Posted by Rupali Ali 6 years, 11 months ago

CBSE > Class 12 > Economics

2 answers

Madhu Singh 6 years, 11 months ago

Bcoz The PPC also called transformation curve because in moving from one point to another on it, one good is 'transformed' into another not physically but by transferring resources from one use to the another.The PPC shift outward with the growth of the economy because of: The increase in the amount of capital ???

Rohan Kakkar 6 years, 11 months ago

Because in this curve production is possible

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