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What Is PPC i...

Question

What Is PPC in Economics?

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Solution

PPC is known as the Production Possibility Curve or Production Possibility Frontier in economics. It is a graphical representation of the different combination of two goods that can be produced with the available resources.

Also read:

Concept of Production Possibility Curve

Production Possibility Frontier

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Similar questions

Q. Describe economic growth using a PPC diagram.

Q. What is the representation of shift in PPC to the left?

Q. What is a PPC? Discuss the problem of under-utilization and full employment of resources with the help of a PPC.

What does slope of PPC show?

Q. If the slope of PPC remains constant (or does not change) with an increase in the production of Good-X (on horizontal axis) at the cost of Good-Y (on vertical axis), what is the shape of PPC? Draw the PPC.

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