Economiccs Essay Example | Topics and Well Written Essays - 250 words

Economiccs - Essay ExampleThis means that if resources will be totallyocated to impress c atomic number 18 of the young children from disadvantaged environments, the benefits will not only be for the children but for the whole society as well. This can be analyzed by means of data about the education and the human skills as major factors to determine productivity. Education as a public good when made available to all children can decrease the inequity in the society as it reduces academic and societal difficulties in the future. And through education, skills could be acquired. These skills could help achieve productivity both in the workplace and in the society. Children who were able to go to school will learn and acquire skills that they can use for jobs in the future. In the long run, unemployment and problems brought by it like crimes can be reduced. This is because returns of such investments cannot be realized directly during the present time. The changing trends in the labo r markets can also contribute to the inefficiencies that are present in the economy. The emergence of new technologies has raised the demand for highly skilled workers who are qualified to use them (Heckman and Masterov, 7).