Point N of the production possibilities curve is the point which will lead to the most economic growth in the future.
What is production possibilities curve and how this point will lead to the most economic growth?
- Production possibilities curve that is ppc curve is a curve between capital goods and consumer goods.
- In the graph is mentioned several points and the shape of the curve is parabola.
- Here the question is asked about the point with most economic growth in the future.
- And the answer will be point N which will depict the most economically productive point.
- Hence of the feasible and efficient points on the ppc , producing at point N the production will be most.
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