The govt. has started promoting foreign capital.what is the economic value in the context of PPC/PPF ? (3 MARKS QUES.)
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Economic value is the greatest amount a purchaser will pay for a thing in a free market economy or the measure of time an individual will forfeit holding up to get an administration apportioned great in a communist economy. Interestingly, the market value speaks to the base amount a purchaser will pay. The economic value subsequently frequently surpasses market value.
The production possibility frontier, generally truncated PPF, is utilized to portray the creation limit of a nation, or now and again an individual business.
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The govt. has started promoting foreign capital.what is the economic value in the context of PPC/PPF ? (3 MARKS QUES.)
(3 MARKS QUES
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