Quality education increases economic output
Quality education increases economic output We will take a look at factors that increase economic output.Also those that negatively affect employment and productivity which lowers economic output, then the ways high-quality education develops skilful masses who add great value to economic development. Factors that increase economic output include: 1. Sound economic policies on fiscal and monetary economic decisions help to develop a nation's economy.Fiscal policies are ways the federal government increases or decreases it spending so as to encourage consumption in recessionary times, or to reduce consumption in inflationary times. Government opens up the economy and increase spending when the economy tilts toward recession.Such move helps the economy to recover back to normal. When the economy begins to move toward inflation, quick policies of reduced spending mop up the extra money in circulation and the economy returns back to normal. Fiscal policies alone are not enough. Moneta...