How can a ppc solve economic problems faced by an economy? Urgent...
Dear student,
PPC shows various possible production combinations that can be produced with given limited resources and technology. It is a tool which help to solve central problems of economy.
PPC helps Government to frame policies and decides which goods to be imported and what to be produced, it helps in efficient utilisation of resources.
Regards
PPC shows various possible production combinations that can be produced with given limited resources and technology. It is a tool which help to solve central problems of economy.
PPC helps Government to frame policies and decides which goods to be imported and what to be produced, it helps in efficient utilisation of resources.
Regards