The economic gains of education are concerned with the individual and collective economic development. These gains are closely related with the social stability. The individual and collective development is connected with the acquisition of these gains. The experts hold the following economic gains of education :-
Provision of skillful manpower :Provision of skillful manpower to the society is a significant economic gain of education. Acquisition of this gain can cause economic development and individual well-being. The skilled work force of a country plays a productive role in the economic development. Provision of competent and skilled men to the society i is the primary responsibility of education. An education system trains the individuals in conformity with the needs of the country. These skilled competent and trained men do their best for the overall development of the country and thereby make it a stronger, flourishing and prosperous one.
Economic development :Education is directly linked with the individual and collective economic development and stability. Education enables an individual to participate in the productive economic activities and thereby promote his standard of
living. When an individual’s standard of living is raised, he starts moving towards the individual economic growth and consequently collective economic development is ensured. Keeping in view the concern of economic development with education, this is the duty of the state to take necessary practical steps to educate and train the men of society so that economic backwardness may be eradicated.