The production possibility frontier (PPF) is a graphical representation that shows the different combinations of two goods or services that can be produced by an economy given its existing resources and technology. It illustrates the trade-offs in production between two goods, showing the maximum possible quantity of one good that can be produced for every level of production of the other good. The PPF helps to demonstrate the concept of scarcity and the need to make choices about what to produce, as it shows the limits to an economy's productive capacity.
