Explain how investment in education stimulates economic growth.
**Explain how investment in education stimulates economic growth.**
An increase in the level of production of goods and services (national income) of a country over a certain period of time is referred to as economic growth. Higher level of investment in education sector would lead to higher proportion of educated people working with higher participation in economic activities and, therefore, would lead to higher economic growth. The following are the various ways in which investment in education stimulates economic growth: 

**(i) Imparts Quality Skills and Knowledge**: Education endows people with quality skills and, thereby, enhances their productivity. Consequently, it enhances the income earning capacities of and opportunities for the people. Moreover, it also enables the human capital to utilize the available physical capital optimally. 

**(ii) Develops Mental Abilities**: Education develops the mental abilities of people and helps them to make their choice rationally and intellectually. Education churns out good citizens by inculcating values in them.  

**(iii) Acceptability of Modernization**: An educated public of a nation has greater acceptability of modernization and modern techniques. This not only helps the economy to grow but also facilitates a primitive economy to break the shackles of tradition and backwardness.  

**(iv) Eradicates Skewed Income Distribution**: Education not only increases the income  earning capacity but also reduces the skewed distribution of income, thereby, forms an egalitarian society.  

**(v) Raises Standard and Quality of Living**: Education enhances the income earning capacity of the people, thereby; it raises the standard of living and also improves the quality of living.  

**(vi) Increases the Participation Rate**: It fosters economic development by increasing the participation of people in the process of growth and development.  

**(vii) One Solution for Other Economic** **Problems**: The importance of education is not only limited to making people educated But also in facilitating an underdeveloped economy to solve different but interrelated macro economic problems like poverty, income inequality, population, investments, under utilization of resources.
kayla gardner bus 206­uy study guide exam i week 2: globalization ● globalization arguments (pick 2 of each) ○ for: ■ it creates more jobs in all economies. ■ it creates better jobs in less developed countries.  ■ there is more foreign direct investment (fdi) and  economic growth. ■ it pr the base of every thriving society is education, and today people are trying to find different ways or means to bring innovation that improves the student's engagement and learning. and here comes the virtual reality that can effortlessly transform the learning process as it not only allows the see the objects but also allow them to endure the interaction. when a student gets immersed in what they are reading or learning than it can help them realize the concept thoroughly. vr allows the students to learn any subject by experiencing it i.e. living it. it motivates the students to discover by doing rather by reading. vr easily engages the students by creating a simulated environment that helps the students to visualize the mechanisms or functions and let them comprehend easily. The answer to the question is available in the PDF file https://www.assignmentexpert.com/homework-answers/economics-answer-6991.pdf Conspicuous consumption is the spending of money on and the acquiring of luxury goods and services to publicly display economic power—either the buyer's income or the buyer's accumulated wealth. Sociologically, to the conspicuous consumer, such a public display of discretionary economic power is a means either of attaining or of maintaining a given social status. Consumption is regarded to foster economic benefits, by some accounts.  
As proposed by Thorstein Veblen, conspicuous consumption (spending money to buy goods and services for their own sakes) explains the psychological mechanics of a consumer society, and the increase in the number and the types of the goods and services that people consider necessary to and for their lives in a developed economy. The answer to the question is available in the PDF file https://www.assignmentexpert.com/homework-answers/economics-answer-9189.pdf students are given **form 1098-t** to show either payments paid to or billed from an educational facility. if students paid qualified tuition, or if someone paid on the student's behalf, the student (or if the student is a dependent, the taxpayer) may be able to claim an education credit on their **tax return**. What I never get is that schools that perform well get more funding which gives good incentives to teachers etc... but worse performing schools get less funding continuing the cycle an early stage start-up is still at the nascent stage. this makes for a very creative and flexible learning environment. they prioritise quick learning and determination. early stage start-ups provide good chances for adding to the skill set. you learn quick decision making and have additional responsibilities. an early stage start-up hinges on multitasking and passion since the pay can be uncertain. start-up is more growth oriented as compared to experienced corporations. it is a good place to develop and acquire multiple skills. **playing basketball** helps to improve motor coordination, flexibility, and endurance. it also encourages speed, agility, and strength. these skills are shown to have a positive effect on promoting a healthy body weight and encouraging more physical activity, which can enhance cardiorespiratory fitness and self-esteem. in many places, abstinence is taught aggressively. unfortunately that is often ineffective since our sex drive is one of the most powerful forces in our existence. like any other aspect of life, education into techniques, benefits, risks, psychological and physical aspects of relationships, variations in preferences, etc., seem an essential part of understanding human sexuality. see more...