How To Define shadenfreude.
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The production possibility curve simply represents the alternative production possibilities that are open to an economy.
<h3>What is a production possibility curve?</h3>A production possibility curve simply means a graph that shows the various combinations of output that can be produced with the resources and technology.
In this case, the production possibility curve simply represents the alternative production possibilities that are open to an economy. It's also known as the production possibility frontier.
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