A point inside the production possibilities frontier is

Social Studies

1 answer:

sattari [20]3 years ago

6 0

A point inside the production possibilities frontier is feasible, but not efficient.

<h3><u>Explanation:</u></h3>

Production possibility frontier of a country is the point at which a country's economy is most efficient in producing its goods services and therefore allocating and using it's resource at its best possible way.

Production possibility frontier curve shows different combinations or collections of the amount of quantity of two goods which can be produced within the given resources and technology. It explains several economic concepts such as allocating efficiency, economies of scale, opportunity cost, production efficiency and scarcity of resources.

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However, in a society that is changing, these continue to change from generation to generation. As a result, the educational system in such a society must not only pass on the cultural heritage, but also help the young prepare for any changes that may have already occurred or are likely to happen in the future. Education can help to develop culture.

In order to advance and advance society, education brings about the desired change in culture and values. Education has a significant impact on culture in a number of ways, including the transmission of culture, promotion of culture, equipping people to adapt to changing cultural norms, shaping personalities, and eradicating cultural gaps. Education sets the path for culture, while culture infuses life with its cultural values.

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