A firm is operating at a point inside PPC due to underutilisation of resources.What will be the impact on PPC of the firm due to implementation of Swacch Bharat Abhiyaan, Technology upgradation, hiring more employees????

Dear Student,

A Production Possibility Curve (PPC) shows the combinations of two goods and services that can be produced with fuller utilisation of a given amount of resources in the most efficient way and with a given production technology.

Now due to ‚Äčimplementation of Swacch Bharat Abhiyaan, Technology upgradation, hiring more employees more production would be there and as a result the firm may move from a point inside PPC to a point towards or on PPC .


Regards

  • 0
What are you looking for?