Education plays a significant role in economic development. Discuss

humancapital

#1

Education plays a significant role in economic development. Discuss.


#2

Following points show that education plays a significant role in economic development
(i) Education increases the receptivity of people to modem and scientific ideas. Thus, education increases the efficiency of people.
(ii) It results in greater awareness of available opportunities and mobility of labour.
(iii) It imparts to people knowledge, skills and attitude which would enable them to contribute to the productive programmes.
(iv) It produces the skilled and trained personnel needed by the economy. Education prepares individuals as human resources.