The role of education in the economic development of a nation are:

1. Knowledge and skills:

It provided people of quality skills and knowledge which enhances their productivity. This gives a greater opportunity to do work and earn high income.

2. Acceptability of modem method: 

An educated individual is more able to adapt with new modem techniques which boost the economy of a nation.

3. Eradication of inequality:

Education proves to be an effective tool for reducing inequality. It increases the income earning capacity of economically backward sections of people in a country which reduces the slanted distribution of income.

4. Innovation:

An educated person has the ability to develop new skills and innovate new techniques that can be more efficient and productive which helps in the economic development of a nation.

5. Participation rate:

If a nation has more educated workforce, it will increase the participation rate of people which will accelerate the development of nation.