📘 Class 11 Microeconomics | Lecture 3🎯 Opportunity Cost & Production Possibility Frontier (PPF).

📘 Class 11 Microeconomics | Lecture 3 🎯 Opportunity Cost & Production Possibility Frontier (PPF) In this video, we explain Lecture 3 of Class 11 Microeconomics in a simple and exam-oriented way. This lecture is very important for board exams and helps in building strong economic concepts. 🔹 Topics Covered in This Video: ✅ Opportunity Cost Meaning and definition Importance of opportunity cost Examples related to daily life and economics ✅ Production Possibility Frontier (PPF / PPC) Meaning and concept of PPF Why PPF is downward sloping Relationship between PPF and opportunity cost ✅ Assumptions of PPF Fixed resources Fixed technology Two goods economy Full and efficient use of resources ✅ Characteristics / Properties of PPF Downward sloping curve Concave to origin Shows trade-off and scarcity Reflects opportunity cost ✅ Attainable and Unattainable Points Efficient points Inefficient points Unattainable points and their meaning ✅ Change / Shift in PPF Rightward shift (economic growth) Leftward shift (economic decline) Causes of change in PPF (technology, resources, etc.) 📌 This video is useful for: ✔ Class 11 CBSE & State Board students ✔ Beginners in economics ✔ Exam preparation and concept clarity 📖 Watch till the end for complete understanding 👍 Like | 📌 Share | 🔔 Subscribe for more Economics lectures