Question

What will be the impact of "Education for All campaign" (Sarv Shiksha Abhiyan) on the Production Possibilities Curve of the Indian economy and why?

Answer 1

Due to the 'Education for All campaign" (Sary Shiksha Abhiyan), the point which was earlier below the Production possibility curve (indicating under utilisation of resources) will shift close to or on the PPC (indicating better and efficient utilisation of resources).This movement is being depicted in the below graph with the help of the arrow from point P.