When a nation is producing at a point below their production possibilities curve, they are experiencing unemployment (second option).
<h3>What is the production possibilities curve?</h3>
The Production possibilities curve shows the various combination of two goods a nation can produce when all its resources are fully utilised.
Points inside the production possibilities curve means that the nations resources are not being fully utilised. It could also indicate unemployment.
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<span>The laissez-faire leadership has the following characteristics:
The group members are self-directed.
The leader resolves conflicts and determines policies.
Decisions are made quickly.
A live-and-let-live approach is followed.
The leader does not resolve conflicts and determine policies because this type of leadership is delegative, meaning leaders leave the group members alone. They are self-directed, which means that decisions are made quickly because they do not need to pass approval. Also, members do not interfere with each other so the live-and-let-live approach is indeed followed.</span><span>
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