Economic growth explanined with ppc
Answers
Answered by
0
Since resources are limited, they must be used fully and efficiently for growth of an economy. Limited resources should be used in such a way so that output is maximum and cost is minimum and they should be used to the fullised.
For the growth, an economy should operate on the PPC.
If any economy is operating on the PPC, it means economy is working with full efficiency b'coz resources and technologies are utilized properly.
It leads to economic growth
Similar questions