File:Production_Possibilities_Frontier_Curve.svg · Wikimedia Commons · See Wikimedia Commons
production–possibility frontier
Sign in to saveAlso known as production possibility curve, PPF, PPC, production possibility frontier
graphical representation of all efficient combinations of goods quantities
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Vinony's link graph records 70 inbound references to production–possibility frontier, and connects out to factor of production, Pareto efficiency and technology.
It sits within the topics Economics curves and Production economics.
Vinony links it to 37 Wikipedia language editions.
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- Production possibility frontiers
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Encyclopedic overview
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In microeconomics, a production–possibility frontier (PPF), production-possibility curve (PPC), or production-possibility boundary (PPB) is a graphical representation showing all the possible quantities of outputs that can be produced using all factors of production, 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 cost (or marginal rate of transformation), productive efficiency, and scarcity of resources (the fundamental economic problem that all societies face).
Excerpted from Wikipedia’s “production–possibility frontier” article, available under the CC BY-SA 4.0 licence.