Use app×
Join Bloom Tuition
One on One Online Tuition
JEE MAIN 2025 Foundation Course
NEET 2025 Foundation Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE
0 votes
105 views
in Economics by (62.4k points)
closed by
Production in an economy is below its potential due to unemployment, government starts employment generation schemes. Explain its effect using PPC.

1 Answer

0 votes
by (74.9k points)
selected by
 
Best answer
Since the economy is featured by unemployment, so it means that the economy is operating at a pint inside the PPC. Now, when the government initiates the employment generation schemes, so it implies there will be higher number of employed in the economy and the economy is utilising greater and greater of its resources. Simultaneously, the economy will continue to shift to a point on the PPC. Thus, the economy will move from a point which is inside the PPC to a point on the PPC.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...