THE ECONOMICS OF EDUCATION: INVESTING IN HUMAN CAPITAL
Keywords:
Keywords: Human Capital, Economic Growth, Education Investment, Inequality, Productivity, Social Mobility, Policy SolutionsAbstract
Abstract: Education has long been regarded as a key factor in driving economic
growth and social development. In economic terms, education is viewed as an
investment in human capital—the skills, knowledge, and abilities that individuals
possess and can contribute to the economy. This article explores the economic benefits
of investing in education, its role in increasing productivity, reducing inequality, and
promoting economic development. It examines the challenges related to unequal access
to quality education, the gap in educational outcomes, and the implications for long-
term economic growth. The article also discusses potential solutions to address these
challenges and improve the efficiency of educational investments for better economic
outcomes.
References
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