What are two major ways an economy can grow and push out its production possibilities curve?

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2026-05-21 18:15

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An economy can grow and push out its production possibilities curve primarily through technological advancements and increases in resources. Technological innovations enhance productivity, allowing for more efficient use of existing resources, while increases in resources—such as labor, capital, and raw materials—expand the economy's capacity to produce goods and services. Both factors lead to higher output and improved standards of living.

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