Production-possibility

frontier
A

A productlon-possiblity frontler (PPF),

productlon posslblity curve (PPC), or productlon
possiblty boundary (PPB), or transformation
curve/boundary/frontler 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 PPFillustrates 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).
This tradeoff is usually considered for an
economy, but also applies to each individual,