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Production Possibilities Frontier

Idle Resources

Any point inside of the production possibilities frontier represents the underutilization of resources. For example, a plant that idles for a week during the month for maintenance is not producing the full potential had it not had to go dark for repairs.

Shinola

Shit from Shinola

Impossible to believe, but it really did exist. The colloquialism dates back to the early 1940s in the United States, sometimes ended with "that's why your shoes don't shine". Shinola was apparently a popular brand of shoe polish. Recently there's a new company which adopted the previously orphan...MORE