Access to better education reduces the inequalities of income. Educated person has more ability and skills hence, the income is also higher. This improves the living standard and quality. The importance of education is felt worldwide and the Government of nations have been investing heavily in the education sector. When the education rate rises it automatically reduces the inequalities.
‘There is a downward trend in inequality world-wide with a rise in the average education levels’. Comment.
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- Tags: class 11, economic development