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The one facet that has played a significant role in the evolution of mankind is man's capacity to assimilate and store knowledge. Knowledge has been spread in a verity of ways: through books, music, lectures, movies etc. It has been tried and proved that the work done by a skilled and educated man is much more than the work done by an uneducated man. Hence an educated man earns more than an uneducated man in general. As a result the contribution to the economic growth of the former is more than that of the latter.

Education not only provided one with means of earning more but also gives a person a better social standing and pride. An educated person makes better choices in life and also helps him understand the changes that take place in the society. An educated workforce enables the adoption of new technologies. Economists have emphasized that expanding the opportunities in the educational sector ensures a rapid growth of a nation.

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