1.

Explain how investment in education stimulates economic growth?

Answer»

Education is an important source of human capital formation.

  • Investment in education endows people with quality skills and knowledge which enhances their productivity.
  • It make people more able to adopt new modem techniques which helps the economy to grow. It raises the income of living.
  • It generates national development consciousness. Education meet cultural needs and develops human personality. Thus, investment in education increases economic growth.


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