What is ppc? write its features? – InterviewSolution

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1.	What is ppc? write its features?
Answer» Explanation:The two main characteristics of PPC are: SLOPES downwards to the right: PPC slopes downwards from left to right. It is because in a situation of fuller UTILISATION of the given resources, production of both the goods cannot be increased simultaneously. The four key assumptions underlying production possibilities analysis are: (1) resources are used to produce one or both of only two goods, (2) the QUANTITIES of the resources do not change, (3) technology and production techniques do not change, and (4) resources are used in a technically efficient way.

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