PPC Flashcards
1
Q
Capital Goods
A
goods that are used in the production of other goods such as factories
2
Q
Consumer goods
A
goods and services that are used by people to satisfy their needs and wants
3
Q
Margin
A
a point of possible change
4
Q
PPF/PPC
A
a curve which shows the maximum potential level of output of one good in a given level of output for all other goods in the economy
