Effect of government

police on ppc
 Introduction of ppc

 Graphically bounding the production set for fixed input quantities, the PPF curve shows
the maximum possible production level of one commodity for any given production level
of the other, given the existing state of technology. By doing so, it defines productive
efficiency in the context of that production set: a point on the frontier indicates efficient
use of the available inputs (such as points B, D and C in the graph), a point beneath the
curve (such as A) indicates inefficiency, and a point beyond the curve (such as X)
indicates impossibility.
 Production–possibility frontier (PPF), production possibility curve (PPC), or production
possibility boundary (PPB), or transformation curve/boundary/frontier is a curve which
shows various combinations of the amounts of two goods which can be produced within
the given resources and technology/a graphical representation showing all the possible
options of output for two products that can be produced using all factors of production,
where the given resources are fully and efficiently utilized per unit time. A PPF illustrates
several economic concepts, such as allocative efficiency, economies of scale,
opportunity cost (or marginal rate of transformation), productive efficiency, and scarcity
of resources (the fundamental economic problem that all societies face).[1]
Moc and. Mrt
 Maintenance of Certification© (MOC)
is the American Board of Preventive
Medicine (ABPM) board certification
process for assessment of continuing
competencies of physicians. The
ABPM MOC program continues to
evolve to meet American Board of
Medical Specialties (ABMS)
 MOC refers to the number of units of a
commodity sacrificed for gaining an
additional unit of another commodity
 MRT is the absolute value of the slope
of the production possibility frontier. …
Generally speaking, the opportunity
cost rises (as does the MRT’s absolute
value) as one moves along (down)
the PPF. As more of one good is
produced, the opportunity cost (in
units) of the other good increases
 MRT stands for Metro Rail Transit or
Mass Rapid Transit, while LRT stands for
Light Rail Transit. Both, LRT and MRT are
run by the same company
Property of ppc
Slopes downwards to the right: PPC
slopes downwards from left to right. …
Concav e to the point of origin: I t is
because to produce each additional
unit of commodity A, more and more
units of commodity B w ill hav e to be
sacrificed.
The two basic property of production
possibility curv e are: It slopes
dow nward from left to right-
Production possibility curve slopes
dow nward because both the
v ariables involve in the equation are
inv ersely related as one increase then
other one decreases and v ice v ersa
because the resources are constant.
Changes in ppc

 Shifts in the production possibilities curve are caused by things that

change the output of an economy, including advances in technology,
changes in resources, more education or training (that’s what we call
human capital) and changes in the labour force.
 Shifters of the Production Possibilities Curve (PPC)
 Change in the quantity or quality of resources.
 Change in technology.
 Trade and etc.
Effect of ppc due to various
government police

 Gst
 Demonsetzation
 Tan dhan jojana
 Skill development program
 Make in India campions
 Clean India missions
GST ( good
service tax)
GST will lead to increase in
production potential,
increases the GDP of an
economy. Therefore, national
imcome of the economy will
increase. Due to increase in
national income with fuller
utilisation of resources, PPC
will shift rightward
Demonetzation
As our economy is ov er
dependent on cash and less
than half of the population
using banking system for their
transactions, demonetisation
affects the trade, production
and consumption activ ities
adv ersely. This shifts the
production possibility curv e to
the left side
Tan dhan jojona
One basic sav ings bank account is
opened for unbanked person.
There is no requirement to maintain
any minimum balance in PMJDY
accounts.
I nterest is earned on the deposit in
PMJDY accounts.
Pradhan Mantri Jan-Dhan Yojana
(PMJDY) is National Mission for
Financial I nclusion to ensure access to
financial serv ices, namely, a basic
sav ings & deposit accounts,
remittance, credit, insurance, pension
in an affordable manner. Under the
scheme, a basic sav ings bank deposit
(BSBD) account can be opened in
any bank branch ………
Skill development program and make
in India campion
 Pradhan Mantri Kaushal Vikas Yojana
(PMKVY) is the flagship scheme of the
Ministry of Skill Development &
Entrepreneurship (MSDE). The
objective of this Skill Certification
Scheme is to enable a large number
of Indian youth to take up industry-
relevant skill training that will help
them in securing better things…
 (Sdp)skill development program
 To increase the manufacturing
sector’s growth rate to 12-14% per
annum;
 to create 100 million additional
manufacturing jobs in the economy
by 2022;
 to ensure that the manufacturing
sector’s contribution to GDP is
increased to 25% by 2022 (later revised
to 2025).
 (Mic) make in India campaign
Clean India
mission
Launch year: 2014
Status: Active
Launched by (prime minister):
Narendra Modi
Location: India
Slogan: One step towards
cleanliness
Key people: Parameswaran
Iyer.
Interpretation of ppc

 PPC curve can be a straight line only if the marginal rate of transformation
(MRT) is constant throughout the curve. A MRT can remain constant only if
both the commodities are equally constant and the marginal utility
derived from their production is also constant.
 The Production Possibilities Curve (PPC) is a model used to show the
tradeoffs associated with allocating resources between the production of
two goods. The PPC can be used to illustrate the concepts of scarcity,
opportunity cost, efficiency, inefficiency, economic growth, and
contractions.
Conclusion

 The Production Possibilities Curve (PPC) is a model used to show the

tradeoffs associated with allocating resources between the production of
two goods. The PPC can be used to illustrate the concepts of scarcity,
opportunity cost, efficiency, inefficiency, economic growth, and
contractions.
 The possibilities curve illustrates the limits that an economy has, which
drives us to a conclusion that in order to achieve efficiency, the proportion
of produced goods and services must be regulated and managed
correctly. PPC helps the government to use the limited resources in an
efficient manner