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definition: using resources in a way to maximize production
connected key terms: production possibilities curve | growth | underutilization  |
▪ can make 1000 cars; makes 1000 ▪ can make 100 shirts; makes 100 |
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definition: using resources in a way to maximize production
connected key terms: production possibilities curve | growth | underutilization |
▪ can make 1000 cars; makes 1000 ▪ can make 100 shirts; makes 100 |