Production possibilities frontier

From CNM Wiki

Jump to: navigation, search

Production possibilities frontier (also known by its acronym, PPF) is a diagram that shows the combinations of output that are possible for an economy to produce.

Definition

According to Principles of Economics by Timothy Taylor (3rd edition),

Production possibilities frontier. A diagram that shows the combinations of output that are possible for an economy to produce.

Retrieved from "https://pravka.bskol.com/w/index.php?title=Production_possibilities_frontier&oldid=49690"