How investment in education stimulate economic growth? Select from the following:
It helps to develop responsible citizens.
It helps in development of science and technology.
It helps in the optimum utilisation of natural, physical and financial resources.
All of the above.
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All of the above.
Explanation: Investment in education makes the educated, responsible, skill and knowledgable people in the country and helps in development and optimum utilisation of natural, technical, financial and physical resources.
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Expenditure on information and technology is a part of human capital expenditure as a result, India is known as knowledge economy due to development of: