Faster internet speeds can accelerate economic growth by increasing the slope of the production possibility curve.
What is a production possibility curve?
A production possibility curve is a graphical representation of the productivity of a given organization/country based on information about advantageous inputs.
A faster internet speed can increase productivity by increasing the chances of customer satisfaction and also boosting collaborative efforts.
In conclusion, faster internet speeds can accelerate economic growth by increasing the slope of the production possibility curve.
Learn more about the production possibility curve here:
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