Solution

The development of a country is very much dependent on the level of education of the people residing in it. These points show the importance of education for a nation:

1. Educated population will be much more productive with skills and quality that can be utilized to earn sufficient income and develop human capital.

2. Education helps the people to make a decision rationally. It helps in building the society and developing good citizens.

3. An educated population will be having a greater acceptance of modernization and will be adopting newer techniques. It helps in the growth of the economy.

4. Educated population will have a common level of income and hence the income distribution will not be skewed.

5. Education provides the ability to generate income which results in improvement of quality of life and living standards.