Question

Why is literacy essential for the economic development??​

Answer 1

According to the position literacy is very important for economic development because;

Reasons:

1) Literacy develops human resources which is very necessary for the economic development.

2)Educated citizens are more aware about the financial investments and other basic stuffs related with the economy.

That's why literacy is very important for the economic development.

Hope It Helps

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Answer 2

Economic development is the process by which a nation improves the economic, political, and social well-being of its people. The term has been used frequently by economists, politicians, and others in the 20th and 21st centuries. The concept, however, has been in existence in the West for centuries. 


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