Question

Explain the.Concept of opportunity cost and marginal rate of transformation using ppc by used on the assumption that no resources is equily efficient in production of all goods

Answer 1

Such social services are distributed equally across each community, thereby benefiting each individual. Concisely, the relationship between human development and economic development can be explained in three ways. First, increase in average income leads to improvement in health and nutrition known as Capability Expansion through Economic Growth. Second, it is believed that social outcomes can only be improved by reducing income poverty known as Capability.