Economy, asked by lakshay4281, 1 year ago

Why PPC is called Production Possibility Frontier.

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Answered by Anonymous

1

Answer:

Explanation:

It is because resources like labor or capital must be relocated to produce weapons. ... The combinations of weapons and food can be illustrated by using a production possibility frontier (PPF) or called production possibility curve (PPC). Most of the PPF curves are concave due to the inadaptability of the resources.

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