A shift inward of the production possibilities curve signifies that

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23-08-2021
Biology

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A shift inward of the production possibilities curve signifies that

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Lykakoh Lykakoh · Answer 1 · 2021-08-23T17:16:08+02:00

Lykakoh Lykakoh

23-08-2021

When it shifts inwards, it indicates that the economy is shrinking due to a failure in its allocation of resources and optimal production capability. A shrinking economy could be a result of a decrease in supplies or a deficiency in technology.

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A shift inward of the production possibilities curve signifies that￼

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A shift inward of the production possibilities curve signifies that