What is PPF in Economics?
PRODUCTION POSSIBILITY FRONTIER (PPF) A GRAPH THAT SHOWS ALL THE COMBINATIONS OF GOODS AND SERVICES THAT CAN BE PRODUCED IF ALL OF SOCIETY'S RESOURCES ARE USED EFFICIENTLY. The Production Possibilities Frontier (PPF) is a graph that shows all the different combinations of output of two goods that can be produced using available resources and technology . The PPF captures the concepts of scarcity, choice, and tradeoffs.