The economic benefit of education, also known as the economic benefit of education investment, or the external economic benefit of education investment, refers to the economic benefit brought to individuals and society by cultivating and improving workers' knowledge, skills and production capacity through education investment, that is, the contribution of education investment to national income (gross national product) or personal income.
The economic benefit of education, also known as the economic benefit of education investment, or the external economic benefit of education investment, refers to the economic benefit brought to individuals and society by cultivating and improving workers' knowledge, skills and production capacity through education investment, that is, the contribution of education investment to national income (gross national product) or personal income.
Indirectness of educational economic benefits;
In the field of material production, the input of production materials and the production of material products through the production process directly result in the increase of material products and the improvement of quality; After the product is sold, it can directly obtain economic benefits. In other words, the economic compensation and benefits of production investment are direct.
In the field of education, the input of educational resources produces the knowledge and skills of workers through the educational process, that is, the direct result of educational input is not material products, but the increase in the number and quality of graduates from various schools, which is the improvement of the intelligence and quality of existing workers.
Only when the educated enter the material production department and combine with the means of production to produce material products can they achieve economic benefits. The compensation of investment is realized through the distribution and redistribution of national income, and the income of investment is expressed through the increase of national income.