How impact the below factors for Secondary Education, General Pupils in Austria and United Kingdom ? (Both are European countries) * Government expenditure on secondary education * Gross domestic savings (% of GDP) * Labour force
How impact the below factors for Secondary Education, General Pupils in Austria and United Kingdom ? (Both are European countries)
* Government expenditure on secondary education
* Gross domestic savings (% of
* Labour force
p.s. : this is not an essay answer only from three way
Government expenditure on secondary education means that the country is focusing on monetary benefits. Economic growth of a particular country is moved by innovation of new and better goods and services with better technologies. If a government is spending on secondary education sector, it means that the country is not only promoting education in the country but also focusing on increasing monetary benefits. The impact of government expenditure on secondary education is :
- Increase in aggregate demand which eventually leads to higher growth in a short period of time.
- Increase in productive and higher growth in supply with increase in aggregate supply in long run.
- Improved and affordable education for all the pupils of the country.
- Availability of more domestic goods and services.
- Improved and higher employment opportunities.
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