the quality of education that increases will improve the human capital which is one of the factors of production. therefore, the pp curve will shift outwards against potential growth.
your fak lol .l.
Production possibilities is the extent of production in businesses. Production possibilities can change if resources increase within a business. Increasing labor can also change production possibilities.
A nation can increase its production possibilities by improving labor productivity. More industries can be created so as to increase the output level.
shift outward
must be producing along the production possibilities curve.
an increase in demand for the good. Such as a successful marketing campaign for the good.
A production possibilities frontier with a bowed outward shape indicates an increase in opportunity costs as more and more of one good is produced. Some resources are more specialized towards specific tasks.
a society can increase its potential as follow 1 increase in productivity 2 increase in investment 3 inprove on man-power development
Technology increases production per unit of input (either labor or capital). Any increase in technology necessarily increases output per unit of input.
An inrease in the retirement age would effectively increase a country's labor supply, shifting the production possibilities curve right.
your fak lol .l.
your fak lol .l.