Education contributes to end poverty. Before poverty, oppression and various conflicts, today it is the greatest threat to peace and security in the world. According to Sachs (2009), more than 8 million people in the world die every year due to extreme poverty.
Before poverty, oppression and various conflicts, it is today the greatest threat to peace and security in the world. According to Sachs (2009), more than 8 million people in the world die each year due to extreme poverty. The Millennium Development Goals to end poverty by 2015 reflect our global commitment to improving people’s quality of life. Education is one of our principles to achieve sustainable business by investing human capital in everything we do.
Education promotes self-confidence, improves quality of life, improves human productivity and creativity, and promotes entrepreneurship and intellectual development. It also plays an important role in lifting people out of poverty through economic and social development and improved income distribution. This article was written to highlight the role of education in reducing poverty.
Importance of Education:
Education and poverty are inversely related. More students, less poverty because education generates more money and provides knowledge and skills that reduce poverty. The direct impact of education on poverty reduction depends on income or wage growth. The direct impact of research on poverty is important for its impact on “human suffering”.
Education how to increase your income even makes it easier to meet basic needs and improve living standards. Without education, human pain is reduced. In the context of the Millennium Development Goals (MDG) and the Strategic Document for Poverty Reduction (PRSP), human capital has been identified as a weapon in the fight against poverty. This is why the idea that education is a determinant of poverty has received a lot of attention in recent years. People’s education and health are an important and important part of human capital that makes people productive and improves their quality of life. Human capital is required to use physical and natural resources, techniques and techniques.
Education helps reduce poverty.
Poverty is an economic development problem. Education is the main goal of economic development and is the engine of this growth. Investing in education underpins many services and developments. The concept of equality plays a major role in these investments. Education gives people the necessary knowledge to overcome differences. Training increases productivity and motivates employees. Investing in education improves the skills and productivity of poor families. Income and standard of living (human development) will improve. Second, poverty is also a big obstacle to education.
Poverty did not stop us from Education:
In addition, some immoral and so-called religious practices have limited girls’ education. Therefore, lack of education is one of the main causes of low income and poverty continues in future generations. The United Nations Millennium Development Goals and the World Bank-endorsed Poverty Reduction Strategy Paper focus mainly on girls’ and early childhood education. Another important role of education in reducing poverty is the relationship between education and income.
In Pakistan, an extra year of education increases a worker’s income by 7.3 per cent. Income increases 37% with 10 years of education compared to no education. Poverty and human income seem to go hand in hand. For example, some small self-employed families can earn a reasonable income until they become sick and depressed due to lack of health care, roads, poor roads or lack of local services. . For others, the impact of losing farm income after a disaster or flood and finding other crops or livelihoods is significant.
Education and economic development:
Education is the basis for poverty reduction and economic development. It is the basis of many businesses and public health. Education is key to improving people’s working and living conditions, increasing worker productivity and efficiency, and lifting the poor out of poverty.
Education and family:
The family is the basis of social and economic success. Although families have changed over time, they are still very important in today’s business world. To understand human capital, we have to go back to the family. Because a family is a dysfunctional family, a family that strives to support the education and health of its children. In any free society without legal personality, the family makes an important contribution to health.
Education is essential for economic development and poverty reduction.
Economic development is impossible without education. Similar studies not only promote professional development, but also increase productivity and generate personal income. Their power manifested itself on the microscopic level of the families that made up the state. That is why we should all invest in education, because education can prevent poverty.