Unattainable Outcome

Definition

An unattainable outcome refers to a combination of goods or services that cannot be produced with the current level of available resources and technology.

Analogy

Imagine trying to bake a cake without any ingredients. No matter how much you want it, an actual cake is unattainable without the necessary ingredients.

Related terms

Trade-off: A trade-off involves sacrificing one thing in order to gain something else. In this context, it may involve giving up the production of one good or service in order to produce more of another.

Economic Growth: Economic growth refers to an increase in an economy's ability to produce goods and services over time, often due to advancements in technology or increases in available resources.

Technological Advancement: Technological advancement refers to improvements or innovations in technology that allow for increased productivity and efficiency in production processes.