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    Home Tuition Test: Subject: Eco Topic: PPC Stu: Ayan

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    RizwanSial
    PPC or production possibilities curve is a diagram that shows the maximum output combinations of two goods an economy can produce when all resources are fully employed. It assumes an economy can only produce two goods and shows the trade-offs involved in allocating resources between the two goods. The curve shows that an economy cannot produce beyond a certain point as resources are limited and have alternative uses.

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    Home Tuition Test: Subject: Eco Topic: PPC Stu: Ayan

    Uploaded by

    RizwanSial
    7 views2 pages
    PPC or production possibilities curve is a diagram that shows the maximum output combinations of two goods an economy can produce when all resources are fully employed. It assumes an economy can only produce two goods and shows the trade-offs involved in allocating resources between the two goods. The curve shows that an economy cannot produce beyond a certain point as resources are limited and have alternative uses.

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    will help teachers to take tests

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    Home Tuition Test

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    PPC or production possibilities curve is a diagram that shows the maximum output combinations of two goods an economy can produce when all resources are fully employed. It assumes an economy can only produce two goods and shows the trade-offs involved in allocating resources between the two goods. The curve shows that an economy cannot produce beyond a certain point as resources are limited and have alternative uses.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    7 views2 pages

    Home Tuition Test: Subject: Eco Topic: PPC Stu: Ayan

    Uploaded by

    RizwanSial
    PPC or production possibilities curve is a diagram that shows the maximum output combinations of two goods an economy can produce when all resources are fully employed. It assumes an economy can only produce two goods and shows the trade-offs involved in allocating resources between the two goods. The curve shows that an economy cannot produce beyond a certain point as resources are limited and have alternative uses.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Download as docx, pdf, or txt
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    HOME TUITION TEST

    Subject: Eco
    Topic: PPC
    Stu: Ayan
    Q. Define and explain PPC with the help of a diagram.
    (10)
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