When societies are using all available resources and technologies most efficiently, they are operating on the production possibilities curve.
<h3 /><h3>What is the production possibilities curve?</h3>
It is a graphic representation for the economic illustration of compensations and scarcity, that is, through this PPC graphic it is possible to analyze how in an economy production resources and technology are used through different combinations to guarantee greater efficiency in their use.
Therefore, the production possibilities curve ensures that the economy is balanced and limited in relation to the country's productive capacity, making the use of resources and technology more aligned with the amount of resources, production capacity and consequently increased effectiveness.
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The Great Depression of America!
It all began with the economic recession in August 1929, but everything got worst on October 24th, 1929: The Black Thursday, or the Crash of Wall Street, Which affected all the world. Then a year later, Banks began to fail. The economy was dead, not only for the united states, but for the whole world. It stayed like that till World war 2 in 1939.
Signal at least 100 ft before making a turn.
