Production possibility curve in Urdu| assumptions, schedule and graph| Eco-Classes
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In this video I Am Gonna Tell You That
What is production possibility curve or the production possibility frontier? The PPC or PPF represent the best possible combinations of production. Basically it present solutions to the basic economic problems that what to produce, how to produce and whom to produce. And there are certain assumptions of PPC or PPF that are to be followed. Further we represent the best possible combinations of productions by the help of a schedule and graphs which are the easiest way to understand the production possibility curve or frontier. After watching this video, you will know what is the definition of PPC and why we use PPC, and the assumptions, schedule and graph of PPC. Thanks for supporting Eco-Classes.
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