Solution

Investment in education helps in stimulating economic growth in the following ways:

1. Education helps people in developing skills that help enhance productivity and leads to an increase in earning capacities.

2. Education helps in the development of the mental ability of the people which will help in making rational choices. Good values are imbibed with education.

3. An educated person will be accepting modernization and modern techniques which are beneficial for the economy.

4. It increases income earning capacity and reduces the skewed distribution of income in society.

5. It increases the participation of people and helps in the growth of the economy and the development of people as a whole.

6. Education not only helps with studies but it helps develop an economy and solve other interrelated issues such as population, poverty, and resource underutilization.

7. It improves earning capacity and raises the standard of living.