Economy, asked by thejueshwini, 10 months ago

production possibility curve assumes Technology as what​

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Answered by sujit1970dutta
4

Answer:

Technical progress enables an economy to get more output from the same quantities of resources. By relaxing the assumption of given and constant production techniques, it can be shown with the help of the production possibility curve the increase in the production of both the goods than before.

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Answered by aadil1290
30

Answer:

Technical progress enables an economy to get more output from the same quantities of resources. By relaxing the assumption of given and constant production techniques, it can be shown with the help of the production possibility curve the increase in the production of both the goods than before.

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