Question

state two ways in which education promotes economic development​

Answer 1

Answer:

1) 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.

2) Education is the process of learning and expanding culture, and, as it contributes to the improvement of the human condition through better knowledge, health, living conditions, social equity and productivity, is a central tool for social progress.

Explanation:

Answer 2

Answer:

Education raises people's productivity and creativity and promotes entrepreneurship and technological advances. In addition it plays a very crucial role in securing economic and social progress and improving income distribution.