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Will and economy operate at any point inside the PPF if resources are not fully and efficiently utilised?

Posted by Kunal Agarwal 11 months, 3 weeks ago

CBSE > Class 11 > Economics

1 answers

Muskan Saha 11 months, 3 weeks ago

Any economy that is operating on the PPF is said to be efficient, meaning that it would be impossible to produce more of one good without decreasing production of the other good.

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CBSE > Class 11 > Economics