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Meaning of production possibility curve | Babel Free

Noun CEFR C1

Definitions

An economic curve, showing the maximum combinations/possibilities of goods and services that can be produced in a set amount of time given the limited available resources.

CEFR level

C1
Advanced
This word is part of the CEFR C1 vocabulary — advanced level.

See also

production record production team production value production values productionalisation productionalization

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