Flashcards
PPF
Cards in this deck (5)
- 1PPFPossibilities production Curve
shows if company is overproducing one product compare to another. - 2Opportunity costThe cost of not having something else you could have bought for the same amount as the item you have bought.
- 3ProducerSomeone who makes or sells a good or service
- 4GoodA thing that you can buy to use
- 5ServiceSomething that includes labor and goods to produce something
Information
- Description
- Flashcards on PPF, created by morgan-flower on 13/11/2013.
- Created by
- morgan-flower
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