What do you mean by the production possibilities of an economy ?

1.	What do you mean by the production possibilities of an economy ?
Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :Production <a href="https://interviewquestions.tuteehub.com/tag/possibilities-1160393" style="font-weight:bold;" target="_blank" title="Click to know more about POSSIBILITIES">POSSIBILITIES</a> of an economy refer to the different combinations of <a href="https://interviewquestions.tuteehub.com/tag/goods-1009877" style="font-weight:bold;" target="_blank" title="Click to know more about GOODS">GOODS</a> and services which an economy can produce from a given <a href="https://interviewquestions.tuteehub.com/tag/amount-374803" style="font-weight:bold;" target="_blank" title="Click to know more about AMOUNT">AMOUNT</a> of <a href="https://interviewquestions.tuteehub.com/tag/resources-11387" style="font-weight:bold;" target="_blank" title="Click to know more about RESOURCES">RESOURCES</a> and a given level of technological knowledge.</body></html>

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