In economics, a shift refers to a change in either the demand or supply curve, causing it to move left or right. When the PPC shifts, it indicates a change in an economy's ability to produce goods and services.
Related terms
Technology Advancement: Improvements in technology that allow for more efficient production methods.
Change in Resource Availability: Alterations in the quantity or quality of resources available for production.
Change in Trade Policies: Modifications in international trade agreements that affect access to foreign markets.