The Production Possibility Curve (PPC) Explained | Economic Growth & Scarcity
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YouTubeMicroeconomics with Michael
The Production Possibility Curve (PPC) Explained | Economic Growth & Scarcity
in this video, we provide a deep dive into the Production Possibility Curve (PPC) model. Learn what points on, inside, and outside the curve represent (efficiency, unemployment, and unattainable production). We analyze the factors that lead to economic growth and shift the curve outward, such as technological improvements and an increase in ...
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