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In the short-run, education develops human capital (i.e.) skills; training; ability) of labour, which is a primary input in production. Increasing human capital lowers production costs. In the long-run, education develops economic growth by affecting the creation technology. Since technology lowers the costs of production or increases productivity of factors of production, in causes economic growth.
Wiki User
∙ 12y ago
Wiki User
∙ 16y agoeconomics is a science of human behavior concerned with allocation of scarce and in such a way that everybody enjoys maximum satisfaction.
Wiki User
∙ 9y agoMahalaga ang Education sa bawat isa sa atin, Sa pang araw araw ang Ekonomiya ay lagi natin nagagawa, nadadala, naririnig, o nahahawakan, Kaya ang edukasyong pang ekonomiya ay mahalaga
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How does economic status effect education development?
Economic status affect education as a reult of feeding before education matter, if u consider in this current generation first law is feeding, nd u know dat economic is feeding.
Which economic indicator measures per capita GDP education and life expectancy to determine the development of a country?
human development index
Do third world educational system really promote economic development?
yes, in fact our educational system has always modified or some innovations in our curriculum and programs for the improvement of our standard of education or the quality of education. If our products are a quality graduates, then there's no reason we can't be acquired economic development.
Is economic growth necessary for economic development?
Economic growth is necessary for economic development but not a sufficient proof of economic development. The improvement of people's living condition is a greater assessment of economic development.
What are the prerequisites of economic development?
1 education 2 health 3 communication 4 transportation 5 electrycity
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
How is education related to development?
education will be related to development if you apply your knowledge onto your daily task of living.
What has the author Pablo Ceballos Guevara written?
Pablo Ceballos Guevara has written: 'Economic and educational development in Latin America' -- subject(s): Economic aspects of Education, Economic development, Education, Effect of education on
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
How economic development and human development related to each other?
klt5i95ro
What has the author Mark A Grey written?
Mark A. Grey has written: 'A bibliography on education in development and social change in Sub-Saharan Africa' -- subject(s): Bibliography, Economic aspects of Education, Economic development, Education, Effect of education on, Social aspects of Education
Do you agree that over population is not a hindrance to economic development but it is the quality of education?
how does the economy hindrance education
What has the author Ronald G Sultana written?
Ronald G. Sultana has written: 'Teacher Education in the Euro-Mediterranean Region' 'Challenge and Change in the Euro-Mediterranean Region' 'Education and national development' -- subject(s): Economic aspects of Education, Economic development, Education, Effect of education on, Technical education, Vocational education
How does economic status effect education development?
Economic status affect education as a reult of feeding before education matter, if u consider in this current generation first law is feeding, nd u know dat economic is feeding.
What has the author Tim Esbeck written?
Tim Esbeck has written: 'Economic development practices among small/rural community colleges' -- subject(s): Business and education, Community colleges, Economic aspects of Higher education, Economic aspects of Rural education, Higher Education, Rural 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 has the author Soedjatmoko written?
Soedjatmoko has written: 'Transforming humanity' -- subject(s): Economic development, Higher Education, Humanitarianism, International organization, Religious aspects, Religious aspects of Economic development, Social aspects, Social aspects of Economic development 'Etika pembebasan' -- subject(s): Economic conditions, Social conditions 'Some thoughts on higher education' -- subject(s): Aims and objectives, Economic aspects of Higher education, Higher Education 'An introduction to Indonesian historiography' -- subject(s): Historiography, History 'Indonesia' -- subject(s): Politics and government
