Igcse Economics Microeconomics Opportunity Costs And Production Possibility Curve Ppc

Igcse Economics Ppc Production Possibility Curve Teaching Resour The entire syllabus for igcse will be covered through this video series and students can prepare using these videos for the forthcoming examination.timestamp. Past papers. edexcel. spanish. past papers. cie. spanish language & literature. past papers. other subjects. revision notes on 1.4.1 ppc & economic growth for the cie igcse economics syllabus, written by the economics experts at save my exams.

Opportunity Cost Production Possibility Curve Ppc Cambridge I The production possibility curve (ppc) shows the maximum combination of any two categories of goods and services that can be produced in an economy, at any point in time. essentially, it shows the productive capacity of the economy. assume a country can only produce two types of goods: wooden furniture and olive oil. Production possibility curve (ppc) a curve, also known as a production possibility frontier or boundary, that shows the maximum output of two types of products and combinations that can be produced with existing resources and technology. opportunity cost. the cost of forgoing the next best alternative when making a decision; it is illustrated. Of the ppc represents a reduction in the economy’s productive capacity. this could result from a loss of resources (due to natural disasters, wars, or depletion), technological setbacks, or declines in the workforce. this implies that the economy can now produce less of both goods, signaling a decrease in overall economic potential and a. Cie igcse economics revision notes. concise resources for the cie igcse economics course. 1. the basic economic problem. 1.1 the nature of the economic problem. 1.2 the factors of production. 1.3 opportunity cost. 1.4 production possibility curves. 2.