answersLogoWhite

0

Economic function of education

Updated: 11/1/2022
User Avatar

Wiki User

16y ago

Best Answer

How education contribute towards the economy. Accelerated development is brought about by educated people. Dimensions of Economic Function of Education There are two dimensions; 1. Quantitative 2. Qualitative Quantitative 1. Education produces the quantum of manpower that the economy needs at any time e.g. Engineers, lawyers, teachers, etc. 2. Education equips manpower with skills. 3. Adjust manpower to the changing needs of the society/economy. 4. Revision of curricula in response to the dynamic rate of the economy. 5. Long school years serve as gate-keeping mechanism to keep youth until a certain age from the labour market/ control the influx of manpower (latent function). Qualitative Education imparts 'know-what' as well as 'know-how'. Know-what = subject matter. Know-how = skills/methods and techniques of doing things. Success on the job requires both. Qualities develop in individuals by education are; - Honesty - respect - resourcefulness - truthfulness - handwork - Leadership - faithfulness - initiative - creativity - Punctuality - drive - foresight - regularity - Independence - reliability - care of public property - Pomposity (tactical diplomacy)

User Avatar

Wiki User

16y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Economic function of education
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

When was Foundation for Economic Education created?

Foundation for Economic Education was created in 1946.


Is high education the solution to economic crisis?

Personally, yes education is the solution to economic crisis.


What has the author Ron Withem written?

Ron Withem has written: 'Interim study on education and economic development, LR 190' -- subject(s): Economic aspects of Education, Economic development, Education, Effect of education on


What has the author Theodore W Schultz written?

Theodore W. Schultz has written: 'Restoring economic equilibrium in a modernizing economy' -- subject(s): Economic policy, Economic development, Income, Equilibrium (Economics), Entrepreneurship 'Economic growth and agriculture' -- subject(s): Agriculture, Economic aspects, Economic aspects of Agriculture 'Investing in people' -- subject(s): Education, Human capital 'Investment in education' -- subject(s): Economic aspects, Economic aspects of Education, Education, Education, Higher, Higher Education, United States


What has the author Nematallah Naguib Ibrahim written?

Nematallah Naguib Ibrahim has written: 'A comparison of the economic returns to regular and vocational high school education' -- subject(s): Economic aspects, Economic aspects of Education, Education, Education, Secondary, Secondary Education, Vocational education


What has the author D I Joan Glen written?

D. I. Joan Glen has written: 'Education and economic growth in Canada' -- subject(s): Economic aspects, Economic aspects of Education, Education, Education and state, Finance, Statistics


What has the author Zvi Griliches written?

Zvi Griliches has written: 'Economies of scale and the form of the production function' -- subject(s): Manufacturing industries, Production functions (Economic theory) 'Practicing econometrics' -- subject(s): Econometrics 'Hedonic price indexes and the measurement of capital and productivity' -- subject(s): Price indexes 'The search for R&D spillovers' -- subject(s): Externalities (Economics), Industrial Research, Research, Research, Industrial 'Technology, education, and productivity' -- subject(s): Economic aspects, Economic aspects of Education, Economic aspects of Technological innovations, Education, Industrial productivity, Labor productivity, Technological innovations 'Patents' -- subject(s): Economic aspects, Economic aspects of Industrial research, Economic aspects of Patents, Industrial Research, Industrial productivity, Patents, Research, Industrial 'Education, human capital, and growth' -- subject(s): Economic aspects, Economic aspects of Education, Education, Human capital


What has the author John M Hunter written?

John M. Hunter has written: 'Economics and non-formal education' -- subject(s): Economic aspects, Economic aspects of Education, Education, Non-formal education 'Economic problems of Latin America' -- subject(s): Economic conditions


What has the author Moses K Antwi written?

Moses K. Antwi has written: 'Education, society, and development in Ghana' -- subject(s): Economic aspects, Economic aspects of Education, Economic development, Education, Effect of education on, Social aspects, Social aspects of Education


What has the author Clarence J LeBlanc written?

Clarence J. LeBlanc has written: 'Educating Canadians for the new economy' -- subject(s): Economic aspects, Economic aspects of Education, Economic aspects of Higher education, Education, Higher Education


What has the author Jandhyala B G Tilak written?

Jandhyala B. G. Tilak has written: 'Costs of supply of education at micro level' 'The economics of inequality in education' -- subject(s): Case studies, Discrimination in education, Economic aspects, Economic aspects of Education, Economic development, Education, Effect of education on, Human capital, Student aid 'Private schooling in rural India' -- subject(s): Private schools 'Block level planning in education' 'Education and its relation to economic growth, poverty, and income distribution' -- subject(s): Economic aspects, Economic aspects of Education, Economic development, Education, Effect of education on, Income distribution 'Educational finances in India' 'Resources for education in India' 'Educational planning at grassroots' -- subject(s): Education, Planning, Finance 'Discriminatory pricing in education'


What is the economic function of the environment?

Answer