PHILOSOPHY ASSIGNMENT IN SECOND SEMESTER - EDUCATION FOR ECONOMIC AND NATIONAL DEVELOPMENT

 Education is a significant sector in any nation, being a major investment in the capital development. Education means a form  of self development in shape of learning, knowledge skills and habits to be conveyed from one generation to the next.

National development is the capacity of a country to raise the standard of living of its residence. it can be achieved by providing individuals with basic livelihood requirements and supplying them with employment etc

Education gives five major things  to the nation's youth:

👉High Thinking level

👉High Knowledge level

👉High Logic level

👉High Research level

👉High Integration level

Social indicators of development 

Social indicators are statistical time series that are "used to monitor the social system, helping to identify changes and to guide intervention to alter the course of social change"

Social indicators varies from countries to countries

Some of the following social indicators are given below

👉 Health

👉 Employment

 👉literacy

👉Happiness index

👉 Infant mortality

👉Structure of population

👉Death rate

👉Resources 

Education as an Investment - Share of GDP to education

Education is considered as an investment in human capital. Human capital can be described as the knowledge, abilities and skills of an individual, acquired through education, training and experience, which help the latter to be more productive and thus improve his potential income earning.

Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a specific time period.  GDP is often used as a metric for international comparisons as well as a broad measure of economic progress.

The country spent only 3.1% of its GDP on education in 2019-'20 against the 6% recommended by every national policy since 1968. India needs to spend 6% of its gross domestic product on education, every national education policy since 1968 has said.

'Educated Unemployment' - causes and remedies

Educated unemployment is unemployment among people with  an academic degree. it is due to mismatch between the aspirations of graduates and employment opportunities available to them. it is the wastage of human resources

CAUSES OF EDUCATED UNEMPLOYMENT

👉Defects in the educational system

👉Growth in the industrial and service sectors is not adequate

👉Visa restrictions imposed by the developed countries

MEASURES TO SOLVE EDUCATED UNEMPLOYMENT

👉Radical change in educational system

👉Rapid industrialization

👉Faster economic growth to generate more jobs

👉Enhancing skill development programs

EDUCATION AS AN INSTRUMENT FOR INTELLECTUAL PROPERTY AND DISCOVERIES FOR THE WELFARE OF THE SOCIETY -(IPR) -INDUSTRIAL PROPERTY RIGHTS - COPYRIGHTS AND RELATED RIGHTS

Intellectual property is a category of property that includes intangible creations of the human intellect. There are many types of intellectual property, and some countries recognize more than others. The most well known types are copyrights,patents, trade marks, and trade secrets 

intellectual property is usually divided into two branches, namely industrial property and copy rights

Copyright means the rights of organizations and individuals to works they have created or own.Industrial property is a form of intellectual property that includes inventions, patents, trademarks, industrial designs, and geographical indications of source (i.e., products that are closely identified with their geographical places of origin).

IMPORTANCE OF PROTECTING INTELLECTUAL PROPERTY

👽Theft

👽Loss of reputation

👽Loss of income

👽Asset is devalued

👽Laws differ between countries

👽Prevent others from being ripped off