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Economy Will Produce
Refers to the total output of goods and services that an economy generates over a specific time frame.
Outside The Frontier
Referring to production or economic activity occurring at a level below the potential or efficient production frontier, indicating underutilization of resources.
Available Technology
Refers to the current set of tools, machinery, and methods that can be used to produce goods and services.
Inefficient Use
refers to the scenario where resources are not being utilized in the best possible manner, leading to waste or suboptimal outcomes.
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