Economics A-Level
Productive Capacity and Potential Output
What Productive Capacity and Potential Output means in Economics A-Level, as defined for Pearson Edexcel.
Definition of Productive Capacity and Potential Output
The determinants of the LRAS boundary, focusing on the quantity and quality of the factors of production (land, labor, capital, enterprise) and the role of technological progress.
Topics that use Productive Capacity and Potential Output
- Aggregate supply (AS) (Pearson Edexcel A-Level)
Related terms
Using Productive Capacity and Potential Output in the exam
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