What is the Production Possibilities Frontier (PPF)? - Definition, Meaning

Definition: Production possibilities frontier (PPF), also known as production possibility curve, indicates the maximum output combinations of two goods or services an economy can achieve by fully using all available resources efficiently. What Does Production Possibilities Frontier Mean? What is the definition of production possibilities frontier? The production possibility frontier indicates the maximum production possibilities of two goods Read more

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This hypothetical production possibility frontier (PPF) compares the

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What Is The Production Possibility Frontier?, PDF, Business