The Production Possibility Curve (PPC) is a graphical representation used to depict the attainable combinations of two goods or services when a society’s resources are fully and efficiently utilized. It serves as a boundary that delineates what can be produced. Points on the curve represent efficient combinations of goods, while points inside the curve are attainable but inefficient due to underutilized resources. Points beyond the curve are unattainable. The feasibility of possibilities depends on available resources and production techniques. As economic growth occurs, resources increase, and production techniques improve. This growth can manifest in various ways:

1. Improved Techniques for Producing Capital Goods:
   • More capital goods are produced using the same resources.
   • Maximum potential production of consumer goods remains constant.
   • Maximum potential production of capital goods increases.
2. Improved Techniques for Producing Consumer Goods:
   • More consumer goods are produced with the same resources.
   • Maximum potential production of capital goods remains constant.
   • Maximum potential production of consumer goods increases.
3. Increase in Quantity and Productivity of Available Resources:
   • More consumer and capital goods can be produced.
   • The PPC curve shifts outward.
   • Overall maximum potential production increases.

Economic growth entails technological advancements, increased resources, and enhanced production efficiency. These improvements enable societies to produce more goods and services. The PPC curve visually illustrates the inherent trade-offs and choices in allocating resources between goods and services. As a nation’s economy grows, its ability to produce consumer and capital goods expands, leading to greater prosperity and opportunities for its citizens.