Concept information
Preferred term
production possibilities curve
Definition
- Available technology defines the maximum feasible level of output that a given quantity of inputs can produce. For example, equipped with any particular technology, a surgeon can produce only so many surgeries. [Source: Encyclopedia of Health Care Management; Production Possibilities Curve]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/production_possibilities_curve
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