- Increases knowledge and skill.
- Use of modern technology.
- Intellectual development.
- Increase in participation rate.
- Leads to innovation.
- Human capital and Economic Development.
Detailed Answer :
Role of Education in the economic development of a nation :
(a) Increase in knowledge and skill.
(b) Development of rationality.
(c) Adoption of modern technology.
(d) Development of intellect.
(e) Inculcation of moral values and ethics.
(f) Increase in rate of participation.
(g) Encouragement for innovation.
(h) Human capital development.
(i) Economic development.
(j) Reduction in income inequality.
(k) Improvement in living standard.
