wiz-icon
MyQuestionIcon
MyQuestionIcon
4
You visited us 4 times! Enjoying our articles? Unlock Full Access!
Question

Explain how investment in education stimulates economic growth.

Open in App
Solution

Investment in education stimulates economic growth in the following ways:

i) Education provides higher-earning capacity for people.

ii) It brings better social stature.

iii) it enables people to make better and more rational choices in life.

iv) It provides knowledge and skills to understand and be aware of the world.


flag
Suggest Corrections
thumbs-up
18
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Sources of Human Capital
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon