There is a downward trend in inequality world-wide with a rise in the average education levels. Comment. | Learn NCERT solution | Education portal Class 11 Indian Economic Development | Study online Unit-5 Human Capital Formation In India



Q.12:- There is a downward trend in inequality world-wide with a rise in the average education levels. Comment.

 

Answer



The access to better education reduces the inequalities of income. Educated person has more ability and sills hence, the income is also higher. This improves the living standard and quality. The importance of education is felt worldwide and government of nations have been investing heavily in the education sector. When the education rate rises it automatically reduces the inequalities.