Same as production possibility frontier. The name comes from the idea that, by devoting resources to producing one good instead of another, it is as though one good is being transformed into another. Found on http://www-personal.umich.edu/~alandear/glossary/t.html
Same as production possibility frontier. The name comes from the idea that, by devoting resources to producing one good instead of another, it is as though one good is being transformed into another.
Another name for a production possibility curve.