Question

Effect on ppc due to various government policies in about 300 to 400 words​

Answer 1

Answer:

Ppc stands for production possibility curve. This is a basic economic parameter that can be plotted in graph by taking variables. Government has implemented various new initiative like demonetization, GST etc.

In the short run ppc was affected because of demonetization, because of shortage of liquid cash and hence trade and economic gdp was affected and shifted ppc to the left.

But in the long run digitalisation and internet facility, cashless transaction was favoured hence ppc shifted rightwards.