termékhatár
termékhatár is a Hungarian term that translates to "product frontier" or "production frontier" in English. It represents the maximum possible output of one good that can be produced given the output of another good, assuming all available resources are fully and efficiently utilized. The concept is closely related to the production possibility frontier (PPF) in economics.
The termékhatár illustrates the concept of scarcity and opportunity cost. Because resources are finite, producing more
Points on the termékhatár represent efficient production levels. Production points inside the frontier are achievable but
The termékhatár is a fundamental tool for analyzing economic tradeoffs, resource allocation, and potential economic growth.