“Education is both the seed and flower of economic development”. Harbison and Myers, 1965.
Education delivers economic benefits to individuals and the country they reside in. Investment in this sector has substantial payoffs. It enables the educated to benefit from technology and scientific advances. It also enables them to contribute to the advancement of technology and scientific discoveries.
The level and quality of education determines the job an individual will secure in the future, and the income they will receive. The higher the level of education and the greater its quality, the higher the benefits.