Production Possibility Frontier (PPF) Explained I 60 Second Economics
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Production Possibility Frontier (PPF) Explained I 60 Second Economics
How do economists show scarcity, choice and opportunity cost all on one simple diagram? In this episode of 60 Second Economics, Geoff Riley explains the Production Possibility Frontier (PPF) — one of the most important tools in economics. #ProductionPossibilityFrontier #PPF #OpportunityCost #EconomicEfficiency #ScarcityAndChoice # ...
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