Chapter 20: Q. 28 (page 497)
Why is investing in girls’ education beneficial for growth?
Short Answer
Expert verified
Improves productivity and hence economic growth.
Step by step solution
01
Step1. Introduction
Economic growth is a quantitative phenomenon which tracks the growth of economy in terms of the rise of factors like GDP, Per capita income, etc.
02
Step2. Explanation
Investing in educating girls' increases the skilled labor availability, and improves their productivity. Higher productivity leads to increased economic activity and production. This further pushes the total goods and services produced, i.e. the GDP.
Education hence leads to human capital formation, thus improving GDP number.
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