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Wasim Imtiasz on Instagram: "“Floods reduce an economy’s productive capacity — shifting the PPC inward.” Floods destroy key factors of production such as land, capital, and infrastructure. As a result, the economy is unable to produce the same maximum level of goods and services as before, causing the production possibility curve to shift inward. #PPC #ProductionPossibilityCurve #OpportunityCost #EconomicGrowth #EconomicShock #economicreels #economicswithwasim"
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