how does education contribute to economic development?
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The knowledge and skills of workers available in the labor supply is a key determinant for both business and economic growth.
Industries with higher education and training requirements tend to pay workers higher wages.
Differences in training levels is a significant factor that separates developed and developing countries.
An economy's productivity rises as the number of educated workers increases since skilled workers can perform tasks more efficiently.
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Education raises people productivity and creativity and promotes entrepreneur ship and technological advances.
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