Changes

=== Guns and butter curve ===

=== Guns and butter curve ===

According to Investopedia: "The guns-and-[[butter]] curve is the classic [[economics|economic]] example of the production possibility curve, which demonstrates the idea of [[opportunity cost]]. In a theoretical economy with only two goods, a choice must be made between how much of each good to produce. As an economy produces more guns (military spending) it must reduce its production of butter (food), and vice versa."<ref>[https://www.investopedia.com/terms/g/gunsandbutter.asp Guns-and-Butter Curve: Definition and How It Works], Investopedia</ref>

According to Investopedia: "The guns-and-[[butter]] curve is the classic economic example of the production possibility curve, which demonstrates the idea of [[opportunity cost]]. In a theoretical economy with only two goods, a choice must be made between how much of each good to produce. As an economy produces more guns (military spending) it must reduce its production of butter (food), and vice versa."<ref>[https://www.investopedia.com/terms/g/gunsandbutter.asp Guns-and-Butter Curve: Definition and How It Works], Investopedia</ref>

== Demographics and an economy ==

== Demographics and an economy ==