Human Capital – To build upon the previous point, when looked at from a macro perspective, an educated population provides a more valuable human capital base to the economy. A developed economy has maximum concentration of jobs in the tertiary sector which requires a highly skilled work force which has expertise in specific fields. For instance the most developed country in the world, the USA has the most skilled human resources with maximum efficiency. Also, developing countries which adopt tried and tested technologies from other nations require skilled engineers, technicians and managers who can put it to good use. This can only be achieved by providing quality education to the population at a primary, secondary and higher secondary level.
Broadens perspective - This is one of the key advantages of education. Even if we consider economic benefit of education but its most important contribution that it helps in changing minds of people. Education makes people understand other cultures, religions, places and culture. It helps gain understanding of what the world is all about. This very important if we see from perspective of developing nations which are plagued by old notions. In countries such as India girl and boy child are differentiated. Even worse women are considered cause of girl child while science tells that it is the other way round. Similar old style dogmas exists everywhere in the world and the only way to eradicate them is proper education.
Hones potential – An education provides individuals with the ability to develop their potential to a much greater extent. Exposure to different fields and interests allows a person to choose between a number of options and hone in on the one field that they have the ability to excel in. This also helps develop interest in a number of other non-academic fields such as art, culture, music, all of which are important to have a wholesome life. It improves interaction between people and