Q. Explain Attainable and unattainable combination of output ?
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Attainable Combinations
It refers to those combinations at which economy can operate.
There can be two attainable options:
1)Optimum utilisation of resources:
If the resources are used in the best possible manner, then economy will operate at any point on PPF.
2)Inefficient utilisation of resources:
the actual production can fall short of its capabilities. if there is wastage or inefficient utilisation of resources then economy will operate at any point inside the PPF.
Unattainable Combinations
with the given amount of available resources it is impossible for the economy to produce any combination more than a given possible combinations i.e an economy can never operate at any point outside the PPF.
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It refers to those combinations at which economy can operate.
There can be two attainable options:
1)Optimum utilisation of resources:
If the resources are used in the best possible manner, then economy will operate at any point on PPF.
2)Inefficient utilisation of resources:
the actual production can fall short of its capabilities. if there is wastage or inefficient utilisation of resources then economy will operate at any point inside the PPF.
Unattainable Combinations
with the given amount of available resources it is impossible for the economy to produce any combination more than a given possible combinations i.e an economy can never operate at any point outside the PPF.
thank u
hope it helps
pls mark as brainlist
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