What is the relationship between education and economic growth? 🔊
The relationship between education and economic growth is significant, as a well-educated workforce drives innovation, productivity, and competitiveness. Education equips individuals with the necessary skills and knowledge to adapt to market demands, leading to enhanced employability and higher income levels. Furthermore, an educated populace can contribute to better decision-making in civic engagement and societal issues. Investing in education can, therefore, stimulate economic development and improve quality of life. Moreover, higher levels of education correlate with lower unemployment rates, translating into a more stable and prosperous economy.
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