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  2. Production–possibility frontier - Wikipedia

    en.wikipedia.org/wiki/Productionpossibility...

    The production-possibility frontier can be constructed from the contract curve in an Edgeworth production box diagram of factor intensity. [12] The example used above (which demonstrates increasing opportunity costs, with a curve concave to the origin) is the most common form of PPF. [13]

  3. Robinson Crusoe economy - Wikipedia

    en.wikipedia.org/wiki/Robinson_Crusoe_economy

    Figure 6: Production possibilities set in the Robinson Crusoe economy with two commodities. The boundary of the production possibilities set is known as the production-possibility frontier (PPF). [9] This curve measures the feasible outputs that Crusoe can produce, with a fixed technological constraint and given amount of resources.

  4. Guns versus butter model - Wikipedia

    en.wikipedia.org/wiki/Guns_versus_butter_model

    The production possibilities frontier (PPF) for guns versus butter. Points like X that are outside the PPF are impossible to achieve. Points such as B, C, and D illustrate the trade-off between guns and butter: at these levels of production, producing more of one requires producing less of the other. Points located along the PPF curve represent ...

  5. Scarcity - Wikipedia

    en.wikipedia.org/wiki/Scarcity

    (T)he strong drive for reproduction in relation to the weak expansion of food production possibilities will very rapidly result in a situation of scarcity and thus hunger. This fundamental relation between food requirements and the food production capacity is the ultimate check on population growth.-Daoud, 2010

  6. Productive capacity - Wikipedia

    en.wikipedia.org/wiki/Productive_capacity

    Productive capacity has a lot in common with a production possibility frontier (PPF) that is an answer to the question what the maximum production capacity of a certain economy is which means using as many economy’s resources to make the output as possible. In a standard PPF graph, two types of goods’ quantities are set.

  7. File:Production Possibilities Frontier Curve.svg - Wikipedia

    en.wikipedia.org/wiki/File:Production...

    A diagram showing the production possibilities frontier (PPF) curve for "manufacturing" and "agriculture". Point "A" lies below the curve, denoting underutilized production capacity. Points "B", "C", and "D" lie on the curve, denoting efficient utilization of production.

  8. Potential output - Wikipedia

    en.wikipedia.org/wiki/Potential_output

    Likewise, if GDP persists below natural GDP, inflation might decelerate as suppliers lower prices in order to sell more products, utilizing their excess production-capacity. Potential output in macroeconomics corresponds to one point on the productionpossibility curve for a society as a whole, reflecting its natural, technological, and ...

  9. PPC - Wikipedia

    en.wikipedia.org/wiki/PPC

    Production Possibility Curve, a graph that shows the different quantities of two goods that an economy could efficiently produce with limited productive resources; Prompt Payment Code, a voluntary code of practice for businesses; Public Power Corporation (Δημόσια Επιχείρηση Ηλεκτρισμού), a Greek electric power company