Economic Perspective

Education as an Investment

Submitted To: DR IJAZ AHMAD TATLAH Presented By: Asma Hanif 152233 Abid Ali 152202

EDUCATION IS AN INVESTMENT FOR THE FUTURE AROUND THE GLOBE The road to better jobs, more

money and improved lifestyles is paved by education, according to a new Nielsen survey.

More than three-quarters (78%) of global online respondents agreed that receiving a higher education, such as college, is important.

Cont……

Likewise, three-fourths also believed that better employment (75%) and higher income (72%) are accessible because of educational opportunities.

Other findings include:

Education leads to upward mobility. Corporate support for education

initiatives is a winning proposition. Worldwide confidence in educational

programs is strong. Productive, skilled & aware individuals

which help in economic development.

Cont......... The Nielsen Global Survey of

Education Aspirations polled more than 29,000 Internet respondents in 58 countries to measure consumer sentiment on the availability of educational opportunities at all levels of study and the resulting opportunity for job and salary advancement.

What is Allocation in Economics?

Allocation in economics is an analysis of how limited resources, also called factors of production, are distributed among producers, and how scarce goods and services are divided among consumers. Accounting cost, opportunity cost, economic cost and other costs are considered in this analysis.

Q:What is an Economic perspective?

The economic perspective focuses on how resources are distributed in an organizational setting. Philosophies that stem from the economic perspective concentrate on leveraging or manipulating those resources.

Influence of Education on Economics development

Education in every sense is one of the fundamental factors of development. No country can achieve sustainable economic development without substantial investment in human capital.

Education enriches people’s understanding of themselves and world. It improves the quality of their lives and leads to broad social benefits to individuals and society.

Susan Whiting, vice chair at Nielsen.

Said by Susan Whiting, vice chair at Nielsen

"Investing in education is critical to fostering growth and innovation for generations to come,“

 "The head-spinning pace of technological change is creating new opportunities—and presenting new challenges. Improving our children's education is the surest way to ensure a brighter future."

Economics Perspective Education raises people’s

productivity and creativity and promotes entrepreneurship and technological advances. In addition it plays a very crucial role in securing economic and social progress and improving income distribution.