Ways education promotes economic developement

1.	Ways education promotes economic developement
Answer» Answer: More EDUCATION, especially higher education stimulates research and thereby raises productivity which undoubtedly BENEFITS the society. ... After estimating the contribution of labour (INCLUDING educated labour) and physical CAPITAL to economic growth he obtained an average RESIDUAL of 0.59 percentage point.

Answer»

Answer:

More EDUCATION, especially higher education stimulates research and thereby raises productivity which undoubtedly BENEFITS the society. ... After estimating the contribution of labour (INCLUDING educated labour) and physical CAPITAL to economic growth he obtained an average RESIDUAL of 0.59 percentage point.

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Ways education promotes economic developement