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What do you mean by production …

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What do you mean by production possibility curve? Explain with example.

Posted by Siddhant Kourav 6 years, 2 months ago

CBSE > Class 11 > Economics

3 answers

Khushboo Giri 6 years, 2 months ago

It is a graphical representation of the combination of two goods which can be produced with given technology and resources.

Samraddhi Saxena 6 years, 2 months ago

It is a graphical representation of two goods which can be produced with the available of resources

Parul Mittal 6 years, 2 months ago

PPC is a curve showing different possible combination of two goods which can be produced with the available resources. The construction of PPC is based on these assumptions : 1. Resources are given. 2. Given resources are fully and efficiently utilised. 3.technology ( technique of production) remains constant.

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