Examples of 'production possibility' in a sentence
Meaning of "production possibility"
In economics, 'production possibility' refers to the different combinations of goods or services that can be produced given the resources available in a specific time frame
How to use "production possibility" in a sentence
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production possibility
The transformation curve or production possibility boundary.
Production possibility frontier was.
Relate the concept of comparative advantage to the production possibility cure.
There is a production possibility frontier.
It may also be defined as the outward shift in the production possibility curve.
Example of a production possibility frontier.
You can think of this as an outward shift in the production possibility curve.
By the production possibility frontier.
In economics we can think about this in terms of the production possibility frontier.
See production possibility boundary.
Both benefited, and now consume at points outside their production possibility frontiers.
A production possibility curve.
For this purpose the value efficiency analysis is extended to non-convex production possibility sets.
The existence of the production possibility boundary shows the existence of scarcity.
Figure D. 1, Trade openness and technological change in a production possibility frontier.
See also
production possibilities
production possibilities frontier
production potential
production practices
production possibilities frontier
production potential
production practices
A production possibility frontier shows the maximum output an economy can produce.
In economic jargon, its production possibility frontier has expanded.
The production possibility frontier can be derived from the contract curve on an Edgeworth box.
This is the PPF, the production possibility frontier.
A Production Possibility Frontier is a graph that shows all the possible combinations of two com.
This path is called as the production possibility frontier ( PPF ).
Figure 1, Production possibility curve / Production possibilities frontier.
Figure C. 1, Technological change in a production possibility frontier framework 77.
How does the production possibility curve illustrate the concept of opportunity cost?
The slope of the production possibility frontier and the opportunity cost.
A point within the production possibility curve shows the under-utilization of resources.
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