Explain how investment in education stimulates economic growth.
**Answer:** - **Enhances Productivity:** Education adds to quality of labour, enhancing total productivity and growth. It turns human resources into human capital. - **Expands mental horizon:** Education helps people make better and rational choices. - **Develops science and technology:** Educated workforce facilitates adaptation and invention of new technologies. - **Raises standard of living:** Education opens doors to better jobs and salary. - **Increases participation rate:** Education makes the population capable of participation in economic, political and social activities.

Question

Explain how investment in education stimulates economic growth.

**Answer:** - **Enhances Productivity:** Education adds to quality of labour, enhancing total productivity and growth. It turns human resources into human capital. - **Expands mental horizon:** Education helps people make better and rational choices. - **Develops science and technology:** Educated workforce facilitates adaptation and invention of new technologies. - **Raises standard of living:** Education opens doors to better jobs and salary. - **Increases participation rate:** Education makes the population capable of participation in economic, political and social activities.

Accepted Answer

- **Provides solutions for socio-economic problems:** High participation induces greater economic and social equality.