production possibility curve assumes Technology as what
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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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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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