The Production Possibility Curve (PPC) | PPF
Channel: My Economics
Date: 2021-08-27

In this video we will be looking at the Production Possibility Curve (PPC), also known as the Production Possibility Frontier (PPF). We use the PPC to point out some of the important concepts such as Scarcity, opportunity cost, technical efficiency, Allocative efficiency and many more.

#Economics #ProductionPossibilityCurve #PPC #PPF #Scarcity #OpportunityCost #TechnicalEfficiency #AllocativeEficiency #Unemployment #Recession #EconomicGrowth


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