why do people spend on eduction - Economics - Unit III- Human Capital Formation In India

Question

why do people spend on eduction

Vanita Rana · Accepted Answer

People spend on education because education imparts technical
skills and knowledge that increases the productive capacity and
productivity of a nation It also facilitates the process of
modernisation It is an essential input for the development process
of a nation This topic is explained in detail in our study material
You can refer to the same following the below mentioned path
Unit III- Human Capital Formation In
India- Lesson-5 (named as
'Education as a Source of Human Development, Future
Prospects')-under the topic 'Role of
Education in Economic Development'