The Economics of Education & Financing Education Adequately - Essay Example

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The Economics of Education & Financing Education Adequately

The most important advantage is that it helps improve a person’s ability of decision-making; it also helps us identify and make the right choices and helps understand the consequences of our wrong actions. Therefore, the intellectual and academic learning that an individual receives in school results in a long-term contribution to the social and economic welfare. These individual gains then later on are transformed into social gains. When there are more educated people in the society people are able to find adequate employments which encourage economic stability and it also constructs a well-educated and skillful environment. Following are the advantages of adequate education discussed in detail: BENEFITS OF EDUCATION ECONOMIC: the US government and of many other countries have adopted the approach of making their educational systems better and are diligently investing for its betterment because it results in the broader social and economic welfare in the long run. In the current prevailing recession, there is a great impact on people with lower educational level. The Harvard professor conducted a research which stated that “for a fact education has mattered greatly at the time of recession therefore it reminds us that America’s future is dependent on its human capital”. ...Show more

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The Economics of Education & Financing Education Adequately [University] [Instructor Name] The Economics of Education & Financing Education Adequately It is true that quality education results in positive outcomes in many key areas of the society…
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