Examlex
Compare disruptive and sustaining technologies, and explain how the Internet and WWW caused business disruption.
Production Possibility Frontier
A curve depicting all maximum output possibilities for two or more goods given a set of inputs (resources), assuming all are used efficiently.
Production Possibility Frontier
illustrates the maximum feasible quantity of one good that can be produced for every possible quantity of another good given available resources and technology.
Goods and Services
The tangible products and intangible activities that satisfy human wants or needs and are available for purchase.
Efficiently
Achieving a goal or desired outcome with the minimum waste of time, effort, or resource, often associated with optimal productivity.
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