Explaine PPC (Production possibility curve) class 11th economics..........
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The production possibility curves is a hypothetical representation of the amount of two different goods that can be obtained by shifting resources from the production of one, to the production of the other. The curve is used to describe a society's choice between two different goods.
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It is a curve which shows combinations of two goods and services, that can be
Produced with full utilization of a given amount of resources in their most efficient way and with the given production technology. It is also called production possibility frontier (or PPF).
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