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Q.

Education and ____ are major determinants of the earnings of any individual in the market.


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Detailed Solution

Education and skills are major determinants of the earnings of any individual in the market. Education improves a person's thought process, and he can think of several ways of doing a job. Moreover, a person can get equipped with the latest trends and technologies. For example, farmers can learn better organisational and marketing skills to earn more. Investment in education can earn high returns in the future in the form of higher productivity and higher income. The nation also earns from this investment as the individual can contribute to society.
 
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Education and ____ are major determinants of the earnings of any individual in the market.