ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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economic hardships
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did not invest much
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outdated technology
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lacked the skills
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slow economic growth
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Detailed explanation-1: -The literacy rate of a country affects its economic development greatly. The more literate citizens a country has, the greater is its economic development. People who are literate can more easily develop skills that will help them in the workplace and will help them find and keep jobs, so they can spend money.
Detailed explanation-2: -It will reduce the occupational immobility of labor and will also improve the employability of the labor supply. Unskilled labors are seasonally employed, mainly in agricultural fields, and paid minimal wages. Imbibing skills in these workers will ensure them more permanent jobs and higher wage rates.
Detailed explanation-3: -1. Literacy is a very important quality of a population. Only an informed and educated citizen can make intelligent choices and undertake research and development projects. Low levels of literacy rate are a serious obstacle for economic improvement.