Question

Sunil is a parent who invest more heavily on the education of his child, Arun. This is because he realised the importance of education for themselves. He is also conscious of proper nutrition and hygiene of his child. He accordingly look after his child's needs for education at school and good health. Analyse the information given above and consider which economic phenomenon better explains this situtation?​

Answer 1

Answer:

This explains the virtuous cycle which is created when the parents realise the importance of education for their children.