The economic growth that we measure under the Gross Domestic Product (GDP) is a sum total of several independent variables interacting under the directive of top leadership in the country. On the other hand, government consumption spending, political and social instability, trade barriers and socialism reduce economic growth. Relevant education that impacts economic growth is both formal and informal. There is a positive relation between the number of years students spend in school and the economic growth of a country. The economy is heavily dependent on imports and predominantly informal that it misses out on the informal education economic benefits.

Source: Standard Digital May 22, 2021 02:26 UTC