Discuss the relationship between education and economic development

      

Discuss the relationship between education and economic development

  

Answers


Moraa
- Education provides skills which can be used to produce goods and services.
- Education makes us enjoy our environment and be able to protect it.
- Education solves the problem of unemployment.
- Reason for individual’s spending in education is as a result of the expected
Pecuniary benefits usually in the form of increased income. This motive is much more
crucial for individuals in an economically developing country and it is viewed as avenue
of upward economic mobility. This means sacrificing the present satisfaction of
individual wants for an expected benefit in monetary terms.
- Through education pupils’ talents’ are tapped.
- Education increases population’s earning hence increase in tax for governments.
-Government also derives indirect economic and non-economic benefits from spending in
education. Some of these benefits include:
a) It helps to bring about improvements and innovations by promoting research
and inquiring attitudes of the mind.
b) Helps to spread knowledge in the society generally and educating one
generation has beneficial effects on the next since educated parents are able
to assist or help their children in several ways.
c) Education has a restraining effect on population growth
Moraa orina answered the question on June 4, 2018 at 12:54


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