asked 148k views
3 votes
What are the two major ways in which an economy can grow and push out its production possibilities curve?

asked
User Mlegg
by
8.1k points

1 Answer

3 votes
The two major ways are:
Increases in resource supplies and
Advances in Technology

Increases in resource supplies will improve the production volume of a nations (which will result in more GDP)
Advances in technology make us able to conduct the production faster and more efficiently.
answered
User Oruchkin
by
8.8k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.