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PPF - Outward Shifts definitions
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Production Possibilities Frontier
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Production Possibilities Frontier
A graphical representation showing the maximum output combinations of two goods an economy can produce with available resources and technology.
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이 집합의 용어 (14)
하이드의 정의
Production Possibilities Frontier
A graphical representation showing the maximum output combinations of two goods an economy can produce with available resources and technology.
Technological Advancement
An improvement that enables more efficient production, allowing greater output with the same resources.
Resource Availability
The total amount of inputs, such as labor or raw materials, accessible for production in an economy.
Outward Shift
An expansion of the boundary on a graph, indicating increased production capacity for one or more goods.
Industry-Specific Growth
An increase in productive capacity affecting only one sector, resulting in higher output for a particular good.
General Increase
A rise in productive potential impacting all sectors, leading to higher possible output for all goods.
Efficiency
A state where resources are used in a way that maximizes output without waste, often improved by better technology.
Resource Reallocation
The process of shifting inputs from one production area to another to optimize overall output.
Population Growth
An increase in the number of people, expanding the labor force and potential production.
Immigration
The movement of people into a country, boosting the workforce and productive capacity.
Catastrophic Event
A rare, extreme occurrence that drastically reduces resources, potentially causing a contraction in production capacity.
Productivity
The measure of output generated per unit of input, often rising with better technology or more resources.
Maximum Output
The highest quantity of goods that can be produced given current resources and technology.
Production Capacity
The total potential output an economy can achieve with its available resources and technology.