Economy, asked by mbhai2467, 1 year ago

A country's production possibilities frontier outward?

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Answered by Arslankincsem
0

In the branch of economics which is related to large-scale economics, for example, national productivity is the production possibility frontier or PP.

This phenomenon describes the point at which a country’s economy is most effective to yield productive goods and services then, an allocation is done with its resources in the best possible way.

If the economy does not give enough production the quantities indicated by the PPF, resources are being managed inefficiently and the economy will collapse.

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