Why does improvement in education services raise welfare?
Answer and explanation
Correct answer: It improves knowledge and employability
Education is a major component of human development and welfare. Better education builds knowledge, skills, reasoning ability and access to employment, which can improve income opportunities and participation in society. It may also support healthier and more informed decisions. Hence option A is correct. The other options describe effects that are neither the normal purpose nor the general welfare impact of improved education services.
Frequently asked questions
What is the correct answer to this question?
It improves knowledge and employability
Why is this the correct answer?
Education is a major component of human development and welfare. Better education builds knowledge, skills, reasoning ability and access to employment, which can improve income opportunities and participation in society. It may also support healthier and more informed decisions. Hence option A is correct. The other options describe effects that are neither the normal purpose nor the general welfare impact of improved education services.
Which subject and chapter does this question cover?
This is a Class 11 Economics question. Chapter: National Income and Related Aggregates. Topic: GDP and Welfare.
