Economy, asked by mailmeakhilesh7878, 4 months ago

Use a production possibilities frontier to describe the idea of efficiency​

Answers

Answered by Anonymous
2

Efficiency is when a market is producing the greatest possible amount given its resources. This is demonstrated by the production possibility frontier, which displays the maximum amount of a good that can be produced in relationship to the production of another good.

Answered by naveenjoshi01974
6

Efficiency is when a market is producing the greatest possible amount given its resources. This is demonstrated by the production possibility frontier, which displays the maximum amount of a good that can be produced in relationship to the production of another good

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