Define the term PPF and illustrate it.

A PPF (Production Possibility Frontier) is a curve showing the maximum combinations of two goods and services produced over a period of time, with all available resources used at maximum efficiency.
(Diagram would be used here).

Answered by Lochan G. Economics tutor

1611 Views

See similar Economics GCSE tutors

Related Economics GCSE answers

All answers ▸

How would you structure a 6 mark essay question?


What kind of effect would a national minimum wage have, is it positive or negative ?


What is the definition of an internal economies of scale?


What are the 4 main factors of production?


We're here to help

contact us iconContact usWhatsapp logoMessage us on Whatsapptelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

© MyTutorWeb Ltd 2013–2025

Terms & Conditions|Privacy Policy
Cookie Preferences