Economy, asked by shatakshirajput, 10 months ago

What is the effect of economic growth on a production possibility curve ?​

Answers

Answered by Mohit101172
6

Explanation:

Economic growth occurs when an economy's production at the full employment level increases. Increase in the production at the full employment level is shown by an outward shift of production possibility frontier (PPF).

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Answered by priyaayika
8

Answer:

the second meaning of economic growth is an increase in what an economy can produce if it is using all it's scarce resources. An increase in an economy's productive potential can be shown by an outward shift in the economy's production possibility frontier.

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