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why to increase production of one good there is a need to decrease production of other in ppc
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why to increase production of one good there is a need to decrease pro...
Because with constant resources and technology both goods cannot be simultaneously increased. So, to increase the production of one good (x) the production other good (Y) has to be decreased.
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why to increase production of one good there is a need to decrease pro...
As we have not increased our resources only we are using these resources in different ways..let's take an example..suppose we have 10 rupees we want to buy 10 toffies of that rupees but we are also feeling like buying chocolate then what will we do ..we buy a chocolate of 5 ruppe and 5 toffies then means if we want to buy another thing then we must sacrifice one thing because we have same resources as we had
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why to increase production of one good there is a need to decrease production of other in ppc
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why to increase production of one good there is a need to decrease production of other in ppc for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about why to increase production of one good there is a need to decrease production of other in ppc covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for why to increase production of one good there is a need to decrease production of other in ppc.
why to increase production of one good there is a need to decrease production of other in ppc for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about why to increase production of one good there is a need to decrease production of other in ppc covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for why to increase production of one good there is a need to decrease production of other in ppc.
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