Explain a production possibility curve

Reference no: EM1375819

1). Describe how the market economic system works to answer fundamental economic questions. Describe how this may differ from a command economic system. Historically, which has worked best and why?
Please provide 100 word count
2). Explain a production possibility curve. Differentiate between points on the curve, points outside the curve, and points inside the curve.

Reference no: EM1375819

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