CBSE Class 12-commerce Answered
The government has started promoting foreign capital. What is its economic value in the context of production possibility frontier ?
Asked by vipulbhandari01 | 22 Feb, 2019, 01:03: PM
Expert Answer
Impact of the government encouragement to foreign capital on Production possibility curve:
When the government encourages foreign capital, there is an increase in the flow of money into the country. This in turn increases the availability of resources to a great extent which leads to an increase in the country’s production potential. So, there is a rise in economic value which leads to a shift in the production possibility curve (PPC) to the right i.e. the production possibility curve shifts from the initial curve AB to the final curve CD.
Answered by Tharageswari S | 22 Feb, 2019, 02:17: PM
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