Labels: econ help, microeconomics, opportunity cost, PPF. PPF is an acronym for a production possibility frontier. This means that the associated graph shows the maximum combination of goods that can be produced in a given amount of time with a given amount of resources.
Forbes has ranked Apple as the biggest tech company in the world in 2016Getty. Apple has once again emerged as the biggest technology company in the world. The iPhone-maker has beaten rivals such as Samsung, Microsoft and Google's parent company Alphabet to maintain its spot.
Chinese vendor Huawei, which aims to become the world's largest smartphone maker within four years, finished third with an estimated 11.4 percent market share. Samsung is traditionally the world's largest smartphone maker, as it sells millions of inexpensive smartphones alongside its flagship devices, so this would normally be no surprise. However, after Samsung recalled the Galaxy Note7 due to defective batteries, Apple overtook its South Korean rival in the fourth quarter.