how can non economic indicators like health education contribute towards development of our country
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Answered by
37
Non economic indicators like health and education plays a vital role in determining the economic development of a country.
Saying in simple words, we can say, increase in productivity is an indicator of economic growth and this can be achieved through greater investment in labor and capital. However, investment in capital can only be fully utilized if there is a healthy and educated workforce available in the economy. Thus, health and education both play a vital role in improving productivity and economic growth.
Good health not only gives a longer life span but it help in raising return to investments in education, as a healthy educated persons work adds to the productivity of the economy.
Education enriches people’s understanding of themselves and world. It improves the quality of their lives and leads to broad social benefits to individuals and society.
Therefore, apart from GDP or per capita income of a country, a healthy population as well as educated people leads to sustainable development of the economy.
Saying in simple words, we can say, increase in productivity is an indicator of economic growth and this can be achieved through greater investment in labor and capital. However, investment in capital can only be fully utilized if there is a healthy and educated workforce available in the economy. Thus, health and education both play a vital role in improving productivity and economic growth.
Good health not only gives a longer life span but it help in raising return to investments in education, as a healthy educated persons work adds to the productivity of the economy.
Education enriches people’s understanding of themselves and world. It improves the quality of their lives and leads to broad social benefits to individuals and society.
Therefore, apart from GDP or per capita income of a country, a healthy population as well as educated people leads to sustainable development of the economy.
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Answer:
The health of the people and their well beings as well as education defines the quality and quantity of the human resources of a nation and they are improtant for the economic development of a nation.
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