economic planning

How Can A Production Possibility Curve Solve Economic Problems Faced By An Economy?

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How Can A Production Possibility Curve Solve Economic Problems Faced By An Economy? Production possibility curve (PPC) is a curve which shows all the possible combinations of two goods that can be produced in the economy with a given amount of technology and resources. A PPC indicates the opportunity cost and allocative efficiency in the

What Economy Makes All The Decisions?

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What Economy Makes All The Decisions? What economy makes all the decisions? A command economy is a system in which a central government makes all economic decisions. Either the government or a collective owns the land and the means of production. A command economy is one based on complete control by the government. What is