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Points inside and beyond the PPC

A point inside the PPC represents inefficient use or unemployment of resources, while a point beyond the PPC is unattainable with the current resources and technology.

Where this appears

The syllabus topics that use this term.

  • 1.1Assumptions and Shapes of the PPC

Taught in What Is Economics? Scarcity, Choice, and Economic Models

All 809 terms
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