describe the importance of investment in education and health with special reference to japan
Answers
Answer:
Education has always been regarded as a vital factor in achieving the general aims of society. What is more recent is the emergence of a concept of education as an important factor in economic growth.
This concept of education is based on the new theory of economics that scientific creativity, skills and other qualitative factors of the labor force will contribute to the economic growth no less than reproducible physical capital and labor force. These factors, which have been paid attention to in recent years, are called 'human abilities'. An approach to education from its investment aspect is based on an understanding that the general development of the 'human abilities', which is essential to the economic growth in the future, depends upon both quantitative and qualitative developments in education.
Answer:
Education has always been regarded as a vital factor in achieving the general aims of society. What is more recent is the emergence of a concept of education as an important factor in economic growth.
This concept of education is based on the new theory of economics that scientific creativity, skills and other qualitative factors of the labor force will contribute to the economic growth no less than reproducible physical capital and labor force. These factors, which have been paid attention to in recent years, are called 'human abilities'. An approach to education from its investment aspect is based on an understanding that the general development of the 'human abilities', which is essential to the economic growth in the future, depends upon both quantitative and qualitative developments in education.
Explanation: