After more than a year, farmer unions have finally decided to call off their protests with the three controversial farm laws being repealed. In the end nobody is wiser as to why the laws were introduced and why they were withdrawn as the government has refused to discuss it in Parliament. But in the process, […]
1. Production Possibility Curve A production–possibility frontier (PPF) or production possibility curve (PPC) is a curve which shows various combinations of the amounts of two goods which can be produced with the given resources and technology, where the given resources are fully and efficiently utilized per unit time. A PPF illustrates several economic concepts, such as allocative efficiency, economies of scale, opportunity […]
