What is the relationship between education and economic development? 🔊
The relationship between education and economic development is significant as education serves as a catalyst for growth. An educated workforce leads to enhanced productivity, innovation, and higher incomes, thereby stimulating overall economic activity. Countries with higher literacy rates often exhibit better health outcomes and social stability, which are essential for sustainable growth. In India, access to quality education directly affects employment opportunities, resulting in improved living standards. Furthermore, investment in education can attract foreign investment, reinforcing a positive cycle of development. Thus, education is pivotal in fostering both individual prosperity and national economic advancement.
Equestions.com Team – Verified by subject-matter experts