PRODUCTION POSSIBILITY CURVE
\pɹədˈʌkʃən pˌɒsəbˈɪlɪti kˈɜːv], \pɹədˈʌkʃən pˌɒsəbˈɪlɪti kˈɜːv], \p_ɹ_ə_d_ˈʌ_k_ʃ_ə_n p_ˌɒ_s_ə_b_ˈɪ_l_ɪ_t_i k_ˈɜː_v]\
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A two dimensional curve, used in macroeconomic analysis, drawan on a capital vs consumer goods graph. It is used to define the limitation of the economy when it comes to production and also the ratio of trade off between the two goods, when one good is produced.
By Henry Campbell Black
