Economy, asked by Manyakhera, 1 year ago

Will there is a change in PPC by shifting or rotating

Answers

Answered by KhushiMidha
0
Where is ur graph?...
Answered by Anonymous
8
.Increase in resources, such as increased adult population, increased immigration, improved work ethics, increased spending on training and educating workers, increase motivation of workers, increased retirement age, deceased school leaving age, increased female participation in labour force, increased occupational and geographical labour mobility, discovery of more natural resources, infrastructure development, overcoming an energy crisis, increased investment in productive capital etc can all shift a production possibility curve (PPC)towards right.

Improvement in technology can also shift PPC towards right as improvement in technology results in lower cost of production and same resource can be used to produce greater quantities.

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