Question

How do you think education and technology leads to economic growth?

Answer 1

It actually be mentioned that education and Technology can be considered as positive externality towards economic growth and this is because of the fact that if more amount of education is is provided then and a lot more productivity would result due to the better techniques adopted by the educated professionals and that of an educated people or workers as a result of which more productivity can take place which results in economic growth and similar is the case with technology where the more amount of technological progress can reduce inefficiencies cost in the production activity as a result of which even the productivity can increase to a massive extent which can drive economic growth