Production possibility frontier/Definition: Difference between revisions
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The combinations of different outputs that can be produced when all inputs are being used efficiently (see [[economic efficiency]]:productive efficiency). | The combinations of different outputs that can be produced when all inputs are being used efficiently (see [[economic efficiency]]:productive efficiency). | ||
Latest revision as of 23:00, 22 May 2008
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Production possibility frontier [r]: The combinations of different outputs that can be produced when all inputs are being used efficiently (see economic efficiency:productive efficiency).