Economics A-Level
Production possibility frontier
What Production possibility frontier means in Economics A-Level, as defined for AQA.
Definition of Production possibility frontier
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Reference: AQA
A curve showing the maximum potential output combinations of two goods, such as capital and consumer goods, given fixed resources and technology.
Topics that use Production possibility frontier
- Production possibility diagrams (AQA A-Level)
Related terms
- Allocative efficiency
- Economic growth
- Opportunity cost
- Productive efficiency
- Unemployment of economic resources
- Societal welfare
Using Production possibility frontier in the exam
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