Nearby & related entries: 1  valley of death. 2  valley of ten thousand smokes. 3  valley of the kings. 4  valley of the shadow of death. 5  valley pocket gopher. 6  valley white oak. 7  valleyfield. 8  valleys. 9  valleyspeak. 10  valleytronics.
Economics Explained: Production-Possibility Frontier. Whenever a company, factory, or even country decides to produce something, there is only so much they can make. A finite amount of capital (factories, production equipment, etc) and laborers exist, and they limit the possible amount of production. The production-possibility frontier, or PPF, is a graphical way of showing trade-offs in production choices between 2 items. If the United States decided tomorrow to produce as many loaves of bread as possible, there would be a limit to how many loaves were made.
Economics Basics: Production Possibility Frontier, Growth, Opportunity Cost and Trade. So far, we have gone over key topics of economics that have focused generally on microeconomicâ phenomena. Here, we turn to more macroeconomic matters that occur on the level of national economies. Production Possibility Frontier (PPF) In the field of macroeconomics, the production possibility frontier (PPF) represents the point at which a countryâs economy is most efficiently producing its goods and services and, therefore, allocating its resources in the best way possible.