What is PPC ( Production Possibility Curve) explain?? (class 11)
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The production possibilities curve (PPC) is a graph that shows all of the different combinations of output that can be produced given current resources and technology. Sometimes called the production possibilities frontier (PPF), the PPC illustrates scarcity and tradeoffs.
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In business, the Production Possibility Curve (PPC) is applied to evaluate the performance of a manufacturing system when two commodities are manufactured together. ... The diagram or graph explains how many units of goods a company can produce if all the resources are utilised productively.
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