Business Studies, asked by nandiniramesh158, 5 days ago

How can an economic problem be analyzed through the Production Possibility Curves?​

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Answered by Aswinkarthick
0

Answer:

A production possibility curve even shows the basic economic problem of a country having limited resources, facing opportunity costs and scarcity in the economy. Selecting one alternative over another one is known as opportunity cost. Economists use PPF to illustrate the trade-offs that arise from scarcity.

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