Production Possibility Curve



Production Possibility Curve

Introduction

Production Possibility Curve (PPC) is an economic term that give understanding of the amount of goods could be produced at its maximum, minimum, and in between. This curve refers to the opportunity cost that means to make one good or invest in an industry the country has to forgo the other good or investment. PPC is used to analyze the amount of goods and investment proportionate to other. The curve gives the clear idea and representation of one good over other. This helps the economists to decide how much amount or investment should be given to ...