📘 Class 11 Microeconomics | Lecture 3🎯 Opportunity Cost & Production Possibility Frontier (PPF).

Описание: 📘 Class 11 Microeconomics | Lecture 3
🎯 Opportunity Cost & Production Possibility Frontier (PPF)
In this video, we explain Lecture 3 of Class 11 Microeconomics in a simple and exam-oriented way. This lecture is very important for board exams and helps in building strong economic concepts.
🔹 Topics Covered in This Video:
✅ Opportunity Cost
Meaning and definition
Importance of opportunity cost
Examples related to daily life and economics
✅ Production Possibility Frontier (PPF / PPC)
Meaning and concept of PPF
Why PPF is downward sloping
Relationship between PPF and opportunity cost
✅ Assumptions of PPF
Fixed resources
Fixed technology
Two goods economy
Full and efficient use of resources
✅ Characteristics / Properties of PPF
Downward sloping curve
Concave to origin
Shows trade-off and scarcity
Reflects opportunity cost
✅ Attainable and Unattainable Points
Efficient points
Inefficient points
Unattainable points and their meaning
✅ Change / Shift in PPF
Rightward shift (economic growth)
Leftward shift (economic decline)
Causes of change in PPF (technology, resources, etc.)
📌 This video is useful for:
✔ Class 11 CBSE & State Board students
✔ Beginners in economics
✔ Exam preparation and concept clarity
📖 Watch till the end for complete understanding
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