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Education programs add to the nation's human capital and labor productivity. Improved education and technology can make an entire economy more productive by shifting the production possibilities frontier outward.
Federal, state, and local government all provide educational opportunities to the poor. The Federal government funds programs from preschool to college. State and local programs aid students with learning disabilities.
By adding to the human capital and labor productivity.
Wiki User
∙ 9y ago
Wiki User
∙ 9y agoEducation programs add to the nation's human capital and labor productivity. Improved education and technology can make an entire economy more productive by shifting the production possibilities frontier outward.
Federal, state, and local government all provide educational opportunities to the poor. The Federal government funds programs from preschool to college. State and local programs aid students with learning disabilities.
Wiki User
∙ 6y agoThe more people know and the more they earn the more they can buy. The more they buy the more people and factories have to work.
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What is allocative efficiency and productive efficiency?
Allocative and productive efficiencies are theoretical concepts in economics. Allocative efficiency is achieved in an economy when the distribution or apportionment of resources produces the greatest utility for consumers through its combination of products. For example, and for the sake of simplicity, envision an economy with two products: pizza and robots. In an allocatively-efficient economy, businesses are producing the right amount of each product to make consumers happy. Productive efficiency, on the other hand, is when an economy is using all of its resources efficiently, producing the greatest output for the smallest input. Productive efficiency, on a production possibility frontier, occurs on any points along the curve.
How does education affect the government?
education affects the government because people need the basis education in order to make good decisions about the economy and government and if there is little or bad education the government won't be stable
What distinguishes money from other assets in the economy?
Read your textbook. Make you education a learning experience instead of cheating
What are the three productive resources?
they are the three resources used to make profit and to make/sell things.
What type of economy is a market economy?
a economy where people decide what to make and who to sell it to.
Why do Americans think education is important?
Education is important. Most of the world thinks/knows that. If you don't get an education, you can't be productive, so you can't have a job, and you wouldn't make any money. If no one did any jobs, then nothing would get done and the economy would be destroyed.
What is allocative efficiency and productive efficiency?
Allocative and productive efficiencies are theoretical concepts in economics. Allocative efficiency is achieved in an economy when the distribution or apportionment of resources produces the greatest utility for consumers through its combination of products. For example, and for the sake of simplicity, envision an economy with two products: pizza and robots. In an allocatively-efficient economy, businesses are producing the right amount of each product to make consumers happy. Productive efficiency, on the other hand, is when an economy is using all of its resources efficiently, producing the greatest output for the smallest input. Productive efficiency, on a production possibility frontier, occurs on any points along the curve.
How does education affect the government?
education affects the government because people need the basis education in order to make good decisions about the economy and government and if there is little or bad education the government won't be stable
Which connection is the head start program attempting to make?
more education = higher salaries
What was said about education in the state of the union speech?
He said his program for federal aid to education was better than the Bush program and needed to be funded in order to make America competitive in world trade .
What distinguishes money from other assets in the economy?
Read your textbook. Make you education a learning experience instead of cheating
What services does Ofstead provide?
Ofsted is the Office for Standards in Education in the United Kingdom. They make sure that every education building and program is up to the current standards.
Where would you obtain education as a football player?
You only need to attend a school that has a football program, and make the team.
Through education our motherland receives light?
Education is the key to enlightenment and progress for a country. It empowers individuals to contribute to the growth and development of the nation, leading to a brighter future for all.
What education do you need to become a Program Manager?
A Program Manager is usually the next job up in the food chain level after the Senior Project Manager. Here's the career path (Note that there is no standard career path, but the order below is exact): # Assistant Project Manager (Project Assistant) # Project Coordinator # Junior Project Manager # Project Manager # Senior Project Manager # Program Manager # Senior Program Manager As explained above, becoming a Program Manager is more of a promotion/experience than education. Thus there is no education that will make you directly a Program Manager.
Why is the study of economic an important exercise?
You study how people behave and how it affects the economy. It is important to know this for a country so it can make u its economic program for the year to come.
What are the three productive resources?
they are the three resources used to make profit and to make/sell things.
