when will PP curve shift right wards
Answers
Answer:
Explanation:
Production possibility curve shows all different attainable combinations of the production of two commodities that can be produced in an economy with given the resources and technology which are to be fully utilized. So if there is increase in the availability of the resources in the economy then automatically the overall output in the economy increases which shifts the PPC to the right.
Production possibility curve shows the different combinations of the production of two commodities that can be achieved in an economy given the resources and technology which are to be fully utilised Therefore to achieve any point beyond PPC which lies on the right side, there is need for increase in the present supply of resources and technology which leads to an rightward shift in PPC curve as overall production increases which results in economic growth.