What is the influence of good education on the economy?

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What is the influence of good education on the economy?

Education is essential. The influence is not direct. The education system is responsible for the education of all the professionals that are needed to run everything in the country. If the education system does not do its job, there will be shortage of high tech executives or other groups of workers and corporation that are not able to recruit them, will stop production, fire many employees and the economy will suffer.

The education is also responsible for the education of doctors, nurses and senior doctors. If there is a shortage of any of these, hospitals cannot be built and some of the existing ones may close. This will result in bad health care, more people will die younger which may damage the workforce but for sure will damage the happiness of the people and make them less interested, work less and produce less. It will hurt the economy. Good and balanced education is extremely important and should be taken good care of.

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