ICSE Class 9 Answered

The significant role of education in economic development is as follows:

1. Education increases the accessibility of people to modern and scientific ideas.
2. It increases efficiency and the ability of people to absorb new technology.
3. It creates awareness of available opportunities and mobility of labour.
4. It helps people to gain knowledge, skills and attitude, which would enable them to understand changes in society and scientific advancements.
5. Investment in education is one of the main sources of human capital which facilitates inventions and innovations.
6. Available educated labour force facilitate adaptation of advanced technology in a country.