| An Educated country is a developed country. | | | | education and the literacy level will go up. The |
| Literacy level plays a major role in the economic | | | | demand in the industry is directly relational to the |
| development of a nation. If people are literate, | | | | demand in the education sector and in turn |
| then there will be minimum violence in the country. | | | | directly related to literacy level and vice versa. |
| Literacy leads to good employment opportunities. | | | | This is a circular flow of activities depicted in the |
| If literacy level is high in a nation, then there will | | | | diagram below. The literacy level will make the |
| be more number of entrepreneurs and the flow | | | | nation in demand. Recently, the economic growth |
| of money will be huge. If new enterprises come | | | | of INDIA and CHINA are mainly due to the rapidly |
| up, the economy of the country grows with the | | | | growing literacy level in these countries. |
| amount of tax collected. New enterprises lead to | | | | In the case of literacy level, both supply and |
| more employment generation and in turn reduce | | | | demand are increasing rapidly in INDIA and CHINA. |
| the unemployment rate. A Nation with a low | | | | The Population of both the countries is increasing |
| unemployment rate will develop very rapidly. Let's | | | | and the education sector is increasing and the |
| elaborate on the above. | | | | literacy level is increasing and with it the economy |
| Literacy level is directly related to economic | | | | of both these nations are booming. Still, the |
| development. The cycle goes like this Literacy | | | | beautiful aspect of both these nations is although |
| leads to rise of entrepreneurs and new | | | | the supply is increasing, the demand keeps on |
| enterprises which in turn provide employment and | | | | increasing and so far no saturation point has |
| there will be huge demand for employment. When | | | | reached and it is expected to continue for the |
| there is demand for employment, there will be a | | | | next ten years. Both the nations have a strong |
| huge rise in the number of schools and colleges. | | | | literate teenage group and that is the power of |
| When there are more number of schools, public | | | | these nations growing into knowledge packed |
| can get easy access to schools and colleges at | | | | zones. |
| affordable costs. In this manner all will get | | | | |