Question
Give three examples each of growth of resources and fall in volume of resources.
Solution
(a) (1) Availability of new equipment, (2) Increase in skilled and unskilled labour through population growth, and (3) Discovery of new natural resources are factors of growth of resources which shift PP curve rightward.
(b) (1) Wear and tear or breakdown of machinery, (2) Saturation of natural resources and (3) Technology becoming obsolete are factors of fall in resources which shift PP curve to the left.
