Why is ppc called ppf
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The Production Possibility Curve (PPC) is a graphical representation of two goods that can be produced in the economy at a given time where resources are fully employed, factors of production are given and constant and the technology or techniques is given and constant. ... That is why PPC is also known as PPF.
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Answer:
The Production Possibility Curve (PPC) is a graphical representation of two goods that can be produced in the economy at a given time where resources are fully employed, factors of production are given and constant and the technology or techniques is given and constant. ... That is why PPC is also known as PPF
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