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:2025/12/07
production possibility curve
( plural )
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An economic curve, showing the maximum combinations/possibilities of goods and services that can be produced in a set amount of time given the limited available resources.
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production possibility curve
The production possibility curve demonstrates the trade-offs an economy faces when allocating scarce resources between goods.
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The production possibility curve demonstrates the trade-offs an economy faces when allocating scarce resources between goods.
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