What is the welfare definition of economics ? Mention the merits and demerits of this definition?
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The positive relationship between education and economic growth is that individuals are willing to take more years of schooling to be able to earn more and get better jobs. ... Education does contribute to growth as see, countries with higher levels of economic growth have labor force with higher level of formal schooling.
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the positive relation is the Welfare definition of economics is the merits and demerits of Economics
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