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Question:

What do you mean by the production possibilities of an economy?

Answer:

Production possibilities of an economy imply those numerous alternative combinations of  goods and services, which a particular economy can produce, with the given technology  and employing the available resources fully and efficiently. In other words,   it  refers  to various feasible bundles of goods and services that can be produced together by efficiently utilizing the given technology and available resources.


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  • 4 months ago

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  • Answered by Ekta Mehta
  • 4 months ago

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  • Answered by Ekta Mehta
  • 4 months ago

Taking Screenshots on your Samsung Galaxy M31s is very easy and quick.

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