Importance of education in economics

Answer 1

Understanding the way the economic system works is necessary in republics and democracies because voters are responsible for choosing the individuals of the systems that will either lead to prosperity, poverty or somewhere in between.

Answer 2

· Education has a great social importance especially in the modern, complex industrialized societies. Philosophers of all periods, beginning with ancient stages, devoted to it a great deal of attention. Accordingly, various theories regarding its nature and objective have come into being. Let us now examine some of the significant functions of education.

Answer 3

I think the basic importance of education is development from children and growth of knowlege