The Production Possibility Frontier (PPF) or Production Possibility Curve (PPC) is the graphical expression of both the concepts of scarcity and opportunity cost. It shows the maximum amounts of production that can be obtained by an economy. (Assuming that the technological knowledge and quantity of input is fixed and the economy operates at its’ level [...]
Archive for June, 2008
Production Possibility Curve/ Frontier – PPC/PPF
Posted in My Notes on June 28, 2008 | Leave a Comment »
Opportunity Cost
Posted in My Notes on June 28, 2008 | Leave a Comment »
Many see the concept of opportunity cost as one of the very few profound “eternal truths of economics,” which is a result of the universal nature of scarcity as the central economic problem.
Opportunity cost is a term used in economics, to mean the cost of something in terms of an opportunity forgone (and the benefits [...]
Scarcity
Posted in My Notes on June 28, 2008 | Leave a Comment »
All the natural resources are not abundant. This term ‘Not abundant’ is called ‘scarcity’ in the terminology of economics that simply refers to limited supply of specific kind of natural resource. Scarcity or limited supply configures a natural resource as an economic resource. So more specifically, Scarcity means not having sufficient resources to produce enough [...]
Resource
Posted in My Notes on June 28, 2008 | Leave a Comment »
Production involves bringing together certain inputs – called factors of production or resources- to create goods and services i.e., the output. Resources are the ingredients necessary for producing goods and services, just as you cannot bake a cake without ingredients of flour, eggs, sugar, and so on. It is these resources that are scare and, [...]
Human – The Only Economic Being on the Earth
Posted in My Notes on June 28, 2008 | Leave a Comment »
To human the prime issue, as a biological being, is to maintain own life like any other animal or bird. By meeting some basic needs (like fresh air to breath, water to drink, foods for nutrition) this target is obtained.
Website Review: OntoreBangladesh
Posted in Website Review on June 26, 2008 | Leave a Comment »
OntoreBangladesh is a information based web portal related to Bangladesh. Since 2002, OntoreBangladesh providing information related Bangladesh and the people of Bangladesh. MagicWorks Bangladesh is the official web developer company and Deshiserv Online is the official web hosting company of OntoreBangladesh. This web portal has several features like News, Business, Gallery, Cricket, Music, IT, [...]
Noakhali Web
Posted in Website Review on June 26, 2008 | Leave a Comment »
Noakhaliweb is a noakhali based web portal. This web portal’s content generally related noakhali. The best thing is everything in Bangla. If you are noakhali vhokto. a must visit site.
http://www.noakhaliweb.com.bd/
-
Recent Posts
-
Top Posts
- Difference between formal and informal organisation?
- Advantages and Disadvantages of Organizational Structutre
- What is the training cycle?
- What is Manpower / Human Resources Planning (HRP)?
- Incorporating Employee Engagement into the Business Strategy of Employee Retention
- Collective bargaining
- The Various Forms of Communication
- Free Ebook by K M Mahmud Hasan – Letter formats for HR Manager
-
My Boomarks
Categories
-
FaceBook Profile
-
Bangladesh Professionals Group Member Visit this group -
My Site Hits
- 11,628 respective users
