how does education contribute to economic growth??
Answers
Answer:
According to this theory, education is not a form of consumption that represents a costly expenditure for government but instead serves as an investment that improves the economic worth of individuals (e.g., human capital) and thereby raises a country's overall productivity and economic competitiveness.
Explanation:
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GROUTH CONTRIBUTION OF ECONOMY.........
1:..Grouth of education and Level of Educational opportunities are Important aspects of Economic development. The Interconnection between Growth and Development is well known.
2..Better economic growth means All sectors of the economy are on the right track. thus creating the employment opportunities with requirement of certain qualifications. thus encouraging students to pursue better education.
3..Growth results in development of Educational infrastructure.
Relation between both is not always positive. Quantum of contribution depend on political will in the country.