Economy, asked by meenatiwari567, 9 months ago

what is the effect of growth in resources on a production possibility frontier? explain with the help of a diagram?

Answers

Answered by parweensana3872

Explanation:

However, if there is any growth of resources in the economy it leads to an outward shift in the production possibility curve in the economy. This growth in the resources/technology leads to a shift in the PPC, as given by P2P2 curve.

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