Through education, workers have the necessary production skills and the ability to find and solve problems in production activities, thus improving labor productivity. Modern education can provide possibilities for economic development. Education transforms the possible labor force into the realistic labor force, the general labor force into the specialized labor force, the junior laborers into the senior laborers, one form of laborers into another form of laborers, and the single-dimensional laborers into multi-dimensional laborers.
(2) From the production and consumption functions of education, education shows the economy of tomorrow.
Judging from the relationship between production and consumption, education is both explicit consumption and potential production. Judging from the economic effect of education, education is limited consumption and "expanded" production. Judging from the relationship between accumulation and consumption, education is characterized by consumption today and production tomorrow.
As a part of commodity market, education can promote economic development.
Education is an activity to cultivate people. From its own point of view, it is really different from pure commercial activities, but under the condition of market economy, its products have commodity attributes. Therefore, education, like any other part of commodity production, has problems of supply and demand. The factors that affect the supply of education are: the allocation of resources, the structure of labor demand and the status of teachers; The sources of educational demand are individuals, enterprises and countries.