Comparative Country Economy Questionnaire

As mentioned earlier, one of the German policies is to secure the supply of skilled workers. It is well known that experienced workers in the economy are essential for economic growth and development. Through skilled workers, the economy can improve productivity, productivity, and can produce lower cost and more efficient products and services. This will improve international competitiveness. For example. The German Mercedes car brand can hire these skilled workers to produce more efficient, more luxurious and longer lasting efficient cars.

Compared to the past, economic growth is the ability of the economy to produce goods and services. It can be determined by measuring the change in the real Gross Domestic Product (GDP) of the country. For example, suppose real GDP in a country increases by 2.5% per annum. The country has experienced economic growth, and the value of all products and services is increasing. Human capital is directly related to economic growth. This relationship can be measured by how many people are investing in education. For example, many governments provide free education to people. These governments recognize that the knowledge that people gained through education can be helpful in promoting economic development and economic growth. More educated workers get higher income and then tend to increase economic growth through additional expenditure.

Education plays an important role in every country's economic development and is also the development of developing countries. Many resources are involved in national economic growth, and perhaps one of the most important is human capital, which means the country's labor force. By using other resources, excellent and productive workforce can promote economic growth and prosperity. One of the main factors for developing such resources is that human capital is education. Therefore, education is one of the most important elements leading to sustainable economic growth of the country. Therefore, education is an important part of all government policies. In many developing countries including Pakistan, much has been done in education. Many studies have been conducted in the past to study the relationship between education and national economic development. Below are some long-term reviews of significant research done in the past.