Please give a broad definition of “production possibilities curve” and explain the sources of economic growth...

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Economics

Please give a broad definition of “production possibilitiescurve” and explain the sources of economic growth that shiftproduction possibilities curve. (You are expected to give adetailed explanation and examples, but you don’t need to drawdiagrams).

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Production possibility frontier is the graph which indicates the various production possibilities of two commodities when resources are fixed The production of one commodity can only be increased by sacrificing the production of the other commodity It is also called the production    See Answer
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