Examine the role of education in the economic development of a nation.

1.	Examine the role of education in the economic development of a nation.
Answer» Meaning of Education Importance : (a) Gain of knowledge. (b) Shill development. (c) Removal of ignorance. (d) Moral development. (e) Individual evaluation. (f) Econonomic development - with explanation. Detailed Answer : The reasons for this are : (a) Increase in knowledge and skill. (b) Development of rationality. (c) Adoption of modern technology. (d) Development of intellect. (e) Inculcation of moral values and ethics. (f) Increase in rate of participation. (g) Encouragement for innovation. (h) Human capital development. (i) Economic development. (j) Reduction in income inequality. (k) Improvement in living standard.

Answer»

Meaning of Education

Importance :

(a) Gain of knowledge.

(b) Shill development.

(d) Moral development.

(e) Individual evaluation.

(f) Econonomic development - with explanation.

Detailed Answer :

The reasons for this are :

(a) Increase in knowledge and skill.

(b) Development of rationality.

(d) Development of intellect.

(e) Inculcation of moral values and ethics.

(f) Increase in rate of participation.

(g) Encouragement for innovation.

(h) Human capital development.

(i) Economic development.

(j) Reduction in income inequality.

(k) Improvement in living standard.

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