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Apr 8

Production economic ?

Consider a specific country or region. Discuss how a
recent economic event (eg. natural disaster, trade
policy changes etc.) might have shifted the
Production Possibility Frontier for that location. Provide diagram
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Apr 8
Production economics is a branch of economics that focuses on the production process within a firm or industry. It involves analyzing the costs and benefits of producing goods and services, as well as determining the most efficient ways to allocate resources in order to maximize output and minimize costs. Production economics also examines factors such as economies of scale, production technology, and input prices in order to understand how firms make production decisions. By studying production economics, economists and policymakers can gain insights into how to improve productivity, increase efficiency, and promote economic growth.

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