Definition of Production possibilities curve
Get Babylon's Dictionary & Translation Software Free Download Now!
Production possibilities curve Definition from Social Science Dictionaries & Glossaries
Environmental Economics Glossary
Production possibilities curve Definition from Encyclopedia Dictionaries & Glossaries
English Wikipedia - The Free Encyclopedia
In economics, a production–possibility frontier (PPF), sometimes called a production–possibility curve, production-possibility boundary or product transformation curve, is a graph representing production tradeoffs of an economy given fixed resources. It is a graphical representation of the maximal mix of outputs that an economy can achieve using its existing resources to full extent and in the most efficient way.
|See more at Wikipedia.org...|