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Vol. 11 No. 05 (2024)
International Multidisciplinary Journal for Research & Development

Articles

THE EDUCATION ECONOMY: CAPITAL EXPENDITURES, GAINS, AND DISPARITIES

Published 2024-05-22

  • Mukhammad Samadkulov

Mukhammad Samadkulov
Doctor of Philosophy in Economics, The Yangiyer branch of the Tashkent Chemical Technology Institute, Syrdarya, Uzbekistan.

Abstract

The economics of education explores the relationship between education, investments, returns, and inequality. Education is considered an investment in human capital, yielding economic, social, and personal returns. Investments in education lead to higher wages, better job prospects, and economic growth. Education also contributes to improved health outcomes, reduced crime rates, and increased civic engagement. However, persistent educational inequalities, influenced by factors such as socioeconomic background and gender, pose challenges. Addressing educational inequality requires targeted policies to ensure equitable access to quality education. Understanding the economics of education provides insights for policymakers to promote inclusive education systems, fostering economic development and reducing societal disparities.

Keywords

Economics of Education, Investments in Education, Returns on Educational Investment, Educational Inequality, Human Capital, Socioeconomic Disparities.

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References

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