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PPF (Alexander Demidov); production possibility frontier (The production possibility frontier (PPF) is a curve depicting all maximum output possibilities for two goods, given a set of inputs consisting of resources and other factors. The PPF assumes that all inputs are used efficiently. Factors such as labor, capital and technology, among others, will affect the resources available, which will dictate where the production possibility frontier lies. The PPF is also known as the production possibility curve or the transformation curve. Read more: Production Possibility Frontier (PPF)  investopedia.com Alexander Demidov) |
