In: Economics
Explain how the investment component of education facilitates the process of development in a country of your choice. Give evidence to support your argument.
ANSWER:
For the development of our country education is very necessary to make people literate about what is right and what is wrong.Now a day education is today largely paid for and almost entirely administered by government bodies or non-profit institutions.And we can say that education is a fundamental driver of personal, national and global development.According to academic reserach provided result that countries with higher per capital income in equality and lower fertility rates tend to invest more in children education with public expenditure leading to higher enrollment rates.Conclusion came out from this research is that efforts to promote more inclusive economic growth and improve education systems can raise enrollment among young people in developing countries and reduce disparities between genders and among social groups.
In many countries, primary schools fail to provide students with appropriate cognitive skills like numeracy, literacy, problem-solving ability and general scientific knowledge and due to this student are not able to meet the job market's changing demands.For development there is various sector for which literacy is needed to each and every person. In agriculture sector there is a need of education to cultivate best quality of crops with optimum utilisation of raw material and money too, like this there is a different sector where education is compulsary to guide to move work on a right and ease process. In share market also if cannot calculate where to invest how much to invest till what span of time we invest we cannot get good amount of return out of there. Therefore investment in education facilities the process of development in a countries and build a brighten future of our country and our youth.