the importance of commerce education essay

Essay on The Importance of Commerce Education with Outlines

English essay on the importance of commerce education in pakistan with outline for class 12, 2nd year, f.a, fsc, b.a, bsc and bcom.

Here is an English Essay on The Importance of Commerce Education with Outline In Pakistan for Graduation Students. However, students of Class 10, Class 12, F.A, FSC, B.A, BSC, and Bcom and prepare this essay. This essay has been taken from Functional English by (Imran Hashmi) Azeem Academy. This is a detailed essay with outlines. In the modern age, commerce education is very important and this essay will discuss its different points. You can visit English Essays Writing for more essays.

Importance of Commerce Education Essay Outlines

• We have a weak system of education
• We impart useless knowledge to our students.
• Modern counties are ruling the world because of their advancement in education.
• The government should make our educational system more effective.
• Commerce education should be promoted
• European countries formulated an excellent system to improve their commerce and trade.
• A commerce graduate can handle the market easily
• Our private sector is very keen on commerce education.
• Technology has brought many changes in the field of commerce and trade.
• Only commerce Education can provide suitable professionals.
• Hopefully, our government will take important steps to promote Commerce Education in the country.

Our education system is not working as properly as the developed countries of the world. Most of the students in our schools and colleges are not receiving a proper education. They are misdirected by the people who are not aware of the needs of the modern age. There is a basic disadvantage in our educational system. We are educating our students for useless knowledge. The simple education imparted in schools and colleges does not help the students in making their careers. They are unable to earn a decent living.

Europe and America are ruling the world just because of their advancement in education. Our government should understand the need of this age and should change the present educational system into a pragmatic, job oriented and specialized knowledge-based system. We must plan our Commerce Education system according to the needs of the international market. |The motive of Commerce Education should be to train such professionals who can work for the promotion of commerce and trade of the country. European nations realized the great advantages of Commerce Education therefore their industry and trade spread rapidly. They formulated a system of Commerce Education giving stress on professional skills and efficiency.

Only commerce Education can provide good business administrators and managers. The only way to compete with the international market is to improve our professional skills. Commerce as a subject should be promoted. A commerce graduate should be given priority over a simple graduate in the job market. Commerce has a vast variety in itself as it deals with Business, Banking, Accounting, Finance, Law, Income Tax, Business Statistics, and Business Communication.

A person having such knowledge in a profession can perform better than others. He can handle the professional problems more skillfully than a common man. Our government is still not playing its proper role to promote Commerce Education on modern grounds. But it is a matter of satisfaction that our private sector is very keen on this subject. They are updating the traditional approaches and adopting the latest techniques and methodologies to meet the challenges of the age. Practically the world has no geographical boundaries these days. Technological advancement has brought tremendous revolution in the fields of commerce and trade. Business is no more a native phenomenon.

Commerce and industry are directly related to each other. Our trade can only flourish if it has the right kind of professionals. Only Commerce education can produce specialists who can benefit our trade, industry, and economy. Our youth is very keen to learn and adopt this vast field. The prosperity of a country depends on its ability to trade with other countries.

It is hoped that the government will take important steps to establish a Commerce institution in every corner of the country. This is the only way to survive in this age of competition.

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Essay on Importance of Commerce Education with Outline

• January 8, 2024

Kainat Shakeel

Commerce education, a term frequently heard but not always understood, has become a foundation in shaping the future of individualities in our fleetly evolving world. From its historical elaboration to the present-day impact on global husbandry, commerce education plays a vital part in nurturing the skills and knowledge necessary for success. This composition explores the multifaceted aspects of commerce education, probing into its historical roots, factors, skills development, and its profound influence on career paths and profitable growth.

Historical Elaboration of Commerce Education

Commerce education, in its substance, encompasses a different range of subjects and skills that prepare individuals for places in the business and fiscal sectors. In contemporary geography, where globalization and technological advancements are the norm, the significance of commerce education can not be exaggerated. 

Tracing back the origins of commerce education reveals a fascinating trip. From the medieval orders to the establishment of commerce seminaries, the elaboration has been both dynamic and responsive to societal requirements. The growth of commerce education glasses the expansion of trade and commerce encyclopedically. 

Key Components of Commerce Education

A comprehensive understanding of commerce education involves anatomizing its crucial factors. Subjects similar to accounting, finance, business studies, and economics form the foundation, each contributing uniquely to the development of a well-rounded individual with the capability to navigate the complications of the business world. 

Skills Developed through Commerce Education

Commerce education not only imparts theoretical knowledge but also hones practical skills pivotal for success. Analytical thinking, fiscal knowledge, business wit, and effective communication are among the numerous skills nurtured through this education. 

Role in Career Development

The pathways to post-commerce education are different, ranging from traditional places in finance and accounting to newer openings in e-commerce and digital marketing. Real-life success stories stand testament to the versatility and eventuality that commerce education offers. 

Global Perspective on Commerce Education

Comparing commerce education on a global scale reveals both parallels and variations in classes. International openings for commerce graduates emphasize the universal demand for individualities well-clued in business and finance. 

Challenges Faced by Commerce Education

Despite its significance, commerce education faces challenges similar to misconceptions and societal conceptions. disbanding these myths is pivotal for fostering a broader understanding of the discipline. In a period dominated by technology, commerce education adapts by integrating digital tools into its class. This not only enhances learning experiences but also prepares students for a tech-driven business geography. 

Significance in Entrepreneurship

Commerce education serves as a parentage ground for unborn entrepreneurs. Case studies of successful individuals who started their trip with a commerce background punctuate the inestimable skills acquired through this education.

Commerce Education and Economic Growth

The link between commerce education and profitable development is inarguable. The benefactions of commerce graduates to global frugality emphasize the vital part they play in shaping fiscal geography.  Beyond profitable realms, commerce education influences artistic morals and societal structures. Breaking walls and fostering inclusivity, commerce education contributes to a further connected and different world. 

The Future of Commerce Education

As we look ahead, the future of commerce education is poised for invention. Arising trends and changes in the class, coupled with an emphasis on conforming to technological advancements, prepare students for the challenges of the hereafter. 

Strategies to Enhance Commerce Education

To further enhance commerce education, collaboration with diligence, nonstop class updates, and engaging tutoring methodologies are essential. These strategies ensure that the education handed remains applicable and poignant. 

Particular Growth and Development

Commerce education goes beyond professional success; it shapes individualities into well-rounded personalities. The emphasis on critical thinking, problem- working, and ethical decision-making contributes to particular growth and development. 

In conclusion, commerce education stands as a lamp, guiding individualities toward a unborn full of possibilities. From its historical roots to its impact on global husbandry, this form of education molds not just careers but entire personalities. Embracing the challenges and openings it presents ensures a generation ready to navigate the complications of the ultramodern world.

Kainat Shakeel is a versatile SEO-Content Writer and Digital Marketer with a keen understanding of tech news, digital market trends, fashion, technology, laws, and regulations. As a storyteller in the digital realm, she weaves narratives that bridge the gap between technology and human experiences. With a passion for staying at the forefront of industry trends, her blog is a curated space where the worlds of fashion, tech, and legal landscapes converge.

• Corpus ID: 157198289

IMPORTANCE OF COMMERCE EDUCATION IN INDIA

• Published 2 July 2016
• Business, Education, Law
• International Educational Scientific Research Journal

2 Citations

Role of commerce education on growing india’s economy, role of commerce education-our growing india's economy, related papers.

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Commerce Education in India: Contents, Importance, Challenges, Future Scope

Updated On: May 31, 2024 10:23 am IST

Commerce education equips students with several specialised skills that help them excel in different functional areas of trade, industry and commerce. Get to know in detail about Commerce Education in India.

Meaning of Commerce Education

Importance of commerce education, objectives of commerce education, contents or subjects studied in commerce education, challenges in commerce education in india, skills required for commerce education in india, list of top commerce specializations available in 2024, job opportunities in commerce education in india.

• Future Scope of Commerce Education in India 

Top Commerce Education Colleges in India as per NIRF Ranking

One needs expert economists and accountants with sophisticated practical knowledge to be able to evaluate and analyze the intricacies of large-scale businesses and others to achieve the economic growth of an area or a country. Many educational institutions have been established to educate students in the field of commerce with a greater emphasis on practical knowledge to take advantage of this. Commerce has been the top choice for students for a very long time. The opportunities that come after completing the education are unimaginable. Commerce Education in India is the backbone of Economy, trade and industry. India's educational system is under a lot of pressure because the country is still developing and must deal with new difficulties. India is currently experiencing major changes in its social, cultural, and economic landscape. On the one hand, there are fewer job openings, but on the other, business graduates are not up to industry standards in terms of skills and expertise. As there is a gap between industry demands and academic curricula, commerce education must be comprehensive, focused, and tailored with a focus on attitude, corporate awareness, grooming, and the development of managerial abilities. The colleges in India offer various Commerce subjects such as B.Com course which comes with different specialisations and BBA course . Thus, there is a need for time to refocus and redesign commerce education so that it will be useful to society. Read this article to find out more about Commerce Education in India.

Commerce education in India is a field of study that deals with the study of business and trade, including the theory and practices of accounting, finance, economics, and management. With the growth of the Indian economy and the increasing importance of global trade, commerce education has become an essential part of the education system in India. Commerce education in India encompasses a wide range of subjects, including accounting, economics, management, finance, and taxation. These subjects are taught in various educational institutions, including universities, colleges, and specialized institutes. Commerce education is essential for students who are interested in pursuing careers in the fields of finance, accounting, banking, and business. It provides students with the knowledge and skills needed to understand the complex world of business and commerce and prepares them for a variety of career paths. The Indian government has also recognized the importance of commerce education and has taken several initiatives to promote and develop it in the country. These initiatives include the establishment of specialized institutes, such as the Indian Institute of Management (IIM) and the Indian Institute of Technology (IIT) , which offer specialized courses in finance, accounting, and management. Overall, commerce education in India is a crucial field of study that plays a significant role in shaping the country's economy and its future.

Commerce education plays a vital role in shaping the future of India's economy by producing competent professionals who are equipped with the necessary skills and knowledge to succeed in the business world. It prepares students to participate in global trade, promotes entrepreneurship, and contributes to the growth of various sectors. With the increasing demand for skilled professionals in finance, accounting, banking, and management, the importance of commerce education in India has only grown over the years. Here are some of the key points highlighting the importance of commerce education in India: Enhances business acumen: Commerce education provides students with the knowledge and skills required to understand the complexities of business and finance. It helps to develop a strong foundation in business management, financial accounting, economics, taxation, and other critical areas. Career opportunities: Commerce education opens up various career opportunities in the fields of finance, accounting, banking, and management. It equips students with skills that are in high demand in the job market, enabling them to secure well-paying jobs. Promotes entrepreneurship: Commerce education also plays a significant role in promoting entrepreneurship in India. It provides students with the necessary skills and knowledge to start their businesses and manage them efficiently. Contributes to the economy: The growth of the Indian economy is heavily dependent on the business and commerce sectors. Commerce education plays a vital role in shaping the future of the economy by producing competent professionals who can contribute to the growth of these sectors. International trade: With the globalization of the economy, international trade has become an essential aspect of business. Commerce education prepares students to participate in global trade by providing them with knowledge of international laws, regulations, and business practices. Financial literacy: Commerce education also helps in promoting financial literacy among students. It equips them with the knowledge and skills needed to manage personal finances, make sound investments, and plan for the future.

The objectives of Commerce education in India include:

• Finding out challenges in the commerce education sector.
• Identifying future trends in commerce education.
• Fighting challenges in commerce education by promoting its importance in business and finance.

Also Read: List of Entrance Exams for Commerce Students After Class 12

Commerce education covers a wide range of subjects that provide students with the necessary knowledge and skills to succeed in the business world. Some of the main contents/ subjects to study in Commerce include accounting, economics, finance, business law, management, taxation, marketing, entrepreneurship, and statistics. These subjects cover the principles and practices of various aspects of commerce, including financial management, legal framework, marketing, and entrepreneurship. Studying these contents prepares students for a wide range of career opportunities. A few of the major subjects studied by candidates in both UG and PG Commerce degrees are as follows:

• Business Law
• Entrepreneurship

A few of the major challenges to Commerce Education in India are as follows:

• Lack of quality infrastructure and resources in educational institutions
• Insufficient and outdated curriculum that does not meet the demands of the rapidly evolving business landscape
• Shortage of qualified and experienced faculty members in Commerce education
• Limited industry exposure and practical training opportunities for students
• Limited availability of scholarships and financial aid for students pursuing Commerce education
• Low awareness among students and parents about the scope and benefits of Commerce education
• High competition for admission to top Commerce colleges and universities, leading to a skewed demand-supply ratio
• Inadequate industry-academia collaboration and partnerships, leading to a gap between academic knowledge and practical skills required by employers
• Language barriers in some regions, where students may not have a strong command of English, which is the primary language of instruction in Commerce education
• High cost of Commerce education, which may prevent some students from pursuing higher education in this field.

Overall, addressing these challenges is essential for ensuring that Commerce education in India remains relevant, accessible, and of high quality, enabling students to succeed in the business world.

Also Read: Diploma Courses after Class 12 Commerce: Duration, Jobs and Scope

Candidates who want to study Commerce and make a mark in this area must be good with numbers and quick thinkers. The skillsets required to study Commerce in India are:

• Quick Thinker
• Good Communication skills
• Numeracy skills
• Problem-solving ability
• Leadership skills
• Critical and analytical thinking
• Multi-tasking
• Adaptability
• Time management skills
• Strong negotiation skills
• B.Com in E-Commerce
• BBA in Banking
• BA in Accountancy
• B.Com in Accounts and Finance
• B.Com in Financial Markets
• B.Com in Taxation
• B.Sc in Accounts and Finance
• B.Com in Computer Applications
• Bachelor in Business Management (BBM)
• B.Com in Foreign Trade Management
• BA in International Finance and Banking
• BBA (Hons) in Banking and Finance
• B.Sc (Hons.) in Economics and Banking

The job opportunities for commerce graduates are many and the skills of the employees can help run a business. The various job opportunities after completing Commerce education in India are:

Future Scope of Commerce Education in India

Commerce education in India has witnessed significant growth over the years, and its future scope is highly promising. With the Indian economy projected to become the third-largest in the world by 2030, the demand for skilled professionals in the fields of finance, accounting, management, and marketing is expected to soar. This, in turn, will create ample opportunities for students pursuing Commerce education. The following are some potential future directions for Commerce Education in India: Emerging fields: With the advent of new technologies such as artificial intelligence, machine learning, and data analytics, new fields of Commerce are emerging. Students can pursue courses in areas such as financial technology, e-commerce, and digital marketing, which have significant growth potential. Globalization: As India continues to integrate into the global economy, there will be an increasing demand for professionals with cross-cultural competencies and knowledge of global business practices. Commerce education can prepare students for international careers and enable them to participate in global trade. Entrepreneurship: The Indian government's emphasis on entrepreneurship and self-employment has led to a growing demand for skilled professionals who can start and manage businesses. Commerce education can equip students with the necessary skills and knowledge to become successful entrepreneurs. Professional Certifications: Many professional certifications in areas such as accounting, finance, and management are highly valued by employers. Commerce education can provide students with the foundation to pursue these certifications, which can enhance their employability and career prospects. Industry-academia collaborations: Increasing collaborations between educational institutions and industry can lead to better alignment between academic curricula and industry demands. This can result in more practical training opportunities for students and enhance their job readiness. In conclusion, the future scope of Commerce education in India is highly promising, with ample opportunities for students to pursue diverse careers in various fields. By keeping pace with the rapidly evolving business landscape, students can stay relevant and succeed in the dynamic world of commerce. Also Read: Here Are The Top Career Options For You After B.Com - Check Now!

The students who are interested in Comemrce Education usually look for top colleges as they provide good faculty, top-notch education, internship options and placement opportunities. We have provided here the top colleges offering commerce based on their NIRF Ranking 2023 as this year’s ranking is yet to be released. Take a look at the table below to know the rank of the Commerce Education colleges in India:

Also Read: Explore Your Options in Government Sector After B.Com For more such content like this, stay tuned with CollegeDekho . Students can get in touch with us via the QnA Zone or through our toll-free number (1800-572-9877).

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The subjects taught to students who study MBA in Banking and Finance are Principles of Management and Organizational Behavior, Managerial Economics, Accounting and Finance for Managers, Marketing Management, Human Resource Management, Quantitative Techniques for Management, Research Methods for Management, Corporate Communication, Operations Management, Financial Institutions and Services, Management Control Systems, Banking and Insurance Marketing, Management of Banking and Insurance Companies, Commercial Banking and Role of RBI, Mutual Fund Management, Merchant Banking, Business Environment and Ethics and Strategic Management.

Yes, students after getting their Bachelor’s degree in commerce can do higher studies or can opt for jobs. Students can do M.Com in any one of the various specialisations available or an MBA or can study CA, CS, CFA, etc. The various specialisations offered by the universities are Accounting and Finance, Accounting and Taxation, Banking and Finance, Banking and Insurance, Actuarial Science, Banking and Insurance, Business Administration, Applied Economics, Financial Accounting, Human Resources, Investment Banking, Entrepreneurship and Auditing. 

BBA stands for Bachelor of Business Administration, which is a 3-year course studied at the undergraduate level. At the UG level, the subjects taught to the BBA students are Introduction to Business Studies, Business Accounting, Principles of Microeconomics, Business Communication, Business Mathematics, Business Entrepreneurship, Elements of IT, Organizational Behavior, Management Accounting, Macroeconomic Theory, Corporate Governance and Ethics, Human Resource Management, Business Statistics, Fundamentals of Marketing, Integrated Disaster Management, Operations Research, Business Laws, Foreign Language, Research Methodology, etc. 

Commerce subjects are very popular these days as students are taking up other streams apart from medical or engineering fields. The course comes up with some objectives as well that students who thought of taking commerce should know. The objectives of Commerce education in India are to find out the challenges in the commerce education sector, identify future trends in commerce education, and fight challenges in commerce education by promoting its importance in business and finance.

Commerce education is considered the backbone of the serial development of business in the nation. So, it is important that in a sector as crucial as this one, there are no flaws in the system. Some of the challenges that Commerce students face are reforming International and Indian economic sectors, appearing issues in commerce, the global economy and management, Internationalisation or globalisation of the Financial Market in the world, strategies and challenges to control inflation, the role of IMF and World Bank, etc.

The students who are studying B.Com in Finance and Accountancy and B.Com (Hons) tend to have similar subjects. The subjects taught are Financial Accounting, Business Law, Business Economics, English/Hindi/Modern Indian Language, Business Management, Human Resource Management, Management Accounting, Principles of Macroeconomics, Organizational Behavior, IT in Business, Financial Management, Income Tax, Corporate Law, Auditing, Strategic Cost Management, Indirect Taxation, Strategic Management, Ethics and Corporate Governance, International Taxation and Transfer Pricing, Business Mathematics, Computer Applications in Business, Principles of Marketing, etc. 

Students who want to study commerce need to deal with numbers, so they must have numeracy skills. Apart from that, other skills that someone who wants to study commerce needs to have are Quick Thinker, Good Communication skills, Numeracy skills, Problem-solving ability, Leadership skills, Critical and analytical thinking, Confidence, Multi-tasking, Adaptability, Committed, Time management skills, Strong negotiation skills, etc. Before students think of studying commerce, make sure you have the required skills. 

The job opportunities that commerce graduates get are plenty as they have knowledge of how business works. A successful business often depends on the strong skills of the employees and specialized staff who can help the management to run things effectively by analyzing problems and recommending solutions. Different sectors where a commerce graduate can work are Banking Institutions, Financial companies and offices, Firms providing financial outsourcing, Firms providing financial outsourcing, Industrial Accountancy firms, Financial Teaching institutes, Schools and Colleges, Planning and Budget departments and many more. 

Commerce education provides candidates with specialised skills that come useful in tackling problems in different functional areas of commerce, industry and trade. The role of commerce education is to generate human resources to overcome the challenges in the field of commerce and business. To achieve such a goal, commerce education must be focused on linkage with business and industries. 

Commerce education is considered one of the popular career options for youths in India as it is the backbone of the economy, trade and industry. As more and more companies are hiring students from commerce backgrounds, students are seen taking up commerce apart from the usual engineering or medical courses. In colleges and universities, students are given in-depth knowledge of business and other functional fields that help them to understand the market.

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What is the requirement for invertis university bba course admissions.

Dear,To take admission at LPU in BBA program you need to fulfill the eligibility of the program that is 50% with english or equivalent.LPU is one of the best private university.

How is Invertis University MBA placement?

Dear,LPU also offer MBA program.Mittal school of business is one of the best B school in India.The school which is affiliated through ACBSP. For more information you may visit to the official website of LPU.

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Essay on commerce: meaning, nature and other details.

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“Commerce is the sum total of all those processes, which are engaged in the removal of hindrance of persons (trade), place (transport and insurance) and time (warehousing) in the exchange (banking) of commodities.”

Every human being is engaged in some kind of activity. These activities are undertaken with some motive. When the object is to create wealth for satisfying human needs, these are categorised as economic activities. If such activities are undertaken only to serve some cause without any economic motive i.e., to satisfy social, religious, cultural or sentimental requirements, these are called non-economic activities.

The motivating force for doing some work is to satisfy human wants. Human wants are unlimited and go on multiplying. The resources to satisfy the needs are limited. The use of scarce resources for satisfying human wants is very important.

The allocation of available resources is done in such a way that optimum satisfaction is achieved. The production of goods and services and making them available to consumers is the essence of economic activities. The distribution of goods and services from producers to the ultimate users is facilitated by commerce.

Commerce refers to all those activities which are necessary to bring goods and services from the place of their origin to the place of their consumption. In the words of Evelyn Thomas, “Commercial occupations deal with the buying and selling of goods, the exchange of commodities and the distribution of the finished products.

” According to Thomas, commerce deals with only the trading part of commerce and ignoring many other activities known as aids to trade which are also very important. According to Dr. Noel Branton, “Commerce comprises a group of specialised activities which together form an essential part of the process of production.”

It links suppliers and consumers by means of trade and activities auxiliary to trade such as transport, banking, insurance and warehousing. The most important links are provided by a series of markets controlled by the price system.

James Stephenson has given an exhaustive definition of commerce. He says that, “Commerce is the sum total of all those processes, which are engaged in the removal of hindrance of persons (trade), place (transport and insurance) and time (warehousing) in the exchange (banking) of commodities.”

Generally trade and commerce are taken as synonymous words. While trade involves buying and selling of goods, commerce has a wider meaning. Commerce includes trade and aids to trade. Besides trade, it includes all those activities which help the expansion of trade. The aids to trade include transport, banking, insurance, warehousing, advertisement and salesmanship.

Without the help of such agencies it is not possible to take goods from one place to another for making them available to consumers who are spread all over the world. The services of various agencies which facilitate transportation of goods, finance various activities, provide storing facilities, help in advertising goods and undertake various risks are not only helpful but are necessary for the growth of commerce.

Nature of Commerce :

Commerce is considered to be a part of business. It is that activity of business which is concerned with the exchange of goods and services. Some persons feel that commerce and business are synonymous.

The following characteristics will help in understanding the nature of commerce:

(i) Economic Activities:

Economic activities are taken up with a motive to earn profits. Commerce deals with those activities which are undertaken for profit. So only economic activities are included in commerce. It is the motive which is important and not the activity.

Some activity may both be economic and non-economic. A trader buys goods to sell them again and earn profit while a consumer buys goods for consumption. In the first case a motive is to make profit while in the second situation the motive of profit is absent. For a trader buying goods is an economic activity and a part of commerce while the purchase of goods by a consumer is non-economic activity, hence out of the purview of commerce.

(ii) Exchange of Goods and Services:

Commerce involves an exchange of goods and services for profit. The goods may be produced or procured from other sources. The purchase of goods should be to re-sell them. It means that goods should be purchased for trading purposes.

(iii) Earning Motive:

The motive for undertaking trading activities is to earn profit. Profit is an incentive or reward for undertaking commercial activities. Any activity which does not have the incentive of profit will not be a part of commerce. If a trader gives some goods as charity then it will not be a part of commerce because profit motive is missing. But if the same trader sells goods to customers, it will form a part of commerce because profit motive is present. So earning motive must be present in activities or transactions.

(iv) Creation of Utility:

Commerce creates place and time utility in goods. The goods may not be consumed at the place of production. These may be needed at different places. The goods are taken to those places where they are in need. Transportation facilities help in creating place utility in goods. The goods are also needed at different periods of time.

It may not be possible to produce goods whenever they are demanded. The producers go on producing goods as per their capacity. The goods are stored upto the time they are not demanded. The production is done at one time and consumers get them as per their needs. The storage facilities create time utility in goods. Both place and time utilities are helpful in increasing the volume of trade.

(v) Regularity of Transactions:

The transactions should be regular. No isolated transaction will be a part of commerce. The sale of old furniture for replacing it by new is not a part of commerce. At the same time the sale of furniture by a furniture trader is commerce since the transactions are regular.

Need for Commerce :

Commerce renders an important service in production and distribution of goods and services. The goods produced not only in different parts of a country but also in other countries are made available to the users with the help of commerce. It has enabled countries or areas to concentrate in the production of those goods for which they are specialised.

The producers are relieved of the marketing botherations and they use all their energies on accelerating production. Commerce helps in taking these goods to the users at various places. People are able to buy goods produced anywhere in the world.

Different countries have specialised in certain goods. They supply these goods to other countries and get their requirements from outside. Various agencies help in internal and external trade. The development of commerce has accelerated the pace of all round development.

Economic Basis of Commerce:

The principle of self sufficiency is no more practicable. People concentrate on the production of those goods in which they have cost advantage. The theory of comparative advantage or comparative costs of production are the basis of commerce. It gives rise to trade dealings between different persons and different areas. It will be profitable to specialise in the kind of activity in which one is most efficient.

No one region or country can be best fitted for the production of all commodities it needs. The theory of comparative costs holds good even in case of individuals. Every person will make a study of his comparative efficiency with regard to different professions that he may follow and choose that one which he feels is more rewarding or profitable. The division of labour and specialisation lead to the development of trade. Many factors influence the flow of goods from one region to the other.

Some places may be better suited for the production of particular goods as compared to others. The factors like climate, physical conditions, availability of factors of production at a region will determine as to what should be produced there. The products are sent to those places or countries where these cannot be produced at a comparative cost. The development of trade from local to international level is all due to the development of greater commercial facilities.

Branches of Commerce:

All those activities which are connected with taking goods and services from producers to users come under the purview of commerce. In between these two ends a number of obstacles have to be crossed. The goal of commerce is to ensure a proper flow of goods and services for the benefit of both producers and consumers. There may be difficulties with regard to trade, transport, distribution, finance, storage, insurance, publicity, etc. These aspects are dealt with and various difficulties are removed by the branches of commerce.

The branches of commerce are discussed as follows:

There is a need for some channel which may remit goods from the producers to the users. The producers may not come into direct contact with consumers or users of their products. There is a need for some agency which can facilitate the flow of goods. This is possible with the help of trade. Trade is the process of purchasing or procuring of goods and services and selling them to those who need them.

(ii) Transport:

Goods may be produced at places where they are in less demand. These goods are to be taken to the places of consumption. With the help of transport facilities we can create ‘place utility’ in goods. The goods are taken from a place where there is less demand, to the places where they are in more demand. The place utility helps the producer to increase the production and earn a remunerative price.

The consumer is also helped by supplying him with the goods which otherwise might not have reached him. The various modes of transport i.e., road, rail, sea, air have helped the growth of commerce and industries. The producer can produce goods on any scale; the demand will be there, provided the goods suit the consumers.

(iii) Distribution:

The producer of goods may not be able to come into direct contact with the consumers. In the present day world, the consumers are in millions and it is not possible for the producers to know the consumers. A chain of middlemen acts between the producers and consumers.

The middlemen purchase goods from the producers and take them to the consumers. Both sides are relieved of their worries. The chain of wholesalers, retailers, brokers, agents, etc. operate between the producers and the consumers and remove the hindrance of persons.

(iv) Banking:

There is always a time lag between production and sale of goods. The traders purchase goods from the producers and then sell to the consumers. It takes time to collect money after sale. There is a need to finance trade activities. The commercial banks help trade in the shape of overdraft, loans, or cash credit.

The banks play an important role in international trade where trading parties are not known to each other. The documents are sent through banks who release the documents after collecting the dues. So banks help in overcoming financial problems.

(v) Warehousing:

Goods are produced in anticipation of demand. They may also be produced at a time when they are not needed. So there is a need to store goods up to a time these are not required for consumption. The hindrance of time is overcome with the help of warehouse.

The foreign trade needs the help of warehoused even more because there is more time gap between production and consumption. Agricultural products are produced seasonally, but they are required throughout the year. So there is need to store them so that they may be supplied according to demand.

(vi) Advertisement and Salesmanship:

The consumers may not be aware of the availability of various goods in the market. The absence of information about goods is a great hindrance in the way of consumers buying them. The producer will also like to increase his customers. The advertisement and salesmanship help in informing the consumer about the availability and usefulness of various products in the market.

(vii) Insurance:

There is a risk involved in transporting goods from one place to another. There can be a risk due to fire or theft. The fear of loss of goods due to any cause acts as an obstacle in the development of trade. The insurance companies provide a coverage for all types of losses of goods. The insurance coverage has given a fillip not only to the national trade but also to the international trade.

(viii) Communication:

The buyers and sellers at wholesale level and retail level need the services of various agencies which communicate their message among themselves. The producers intimate to their customers about the production of goods. The intending buyers send orders to the producers for supply of goods. The services of post offices, telephones, telegraph office, telex, etc. are utilised for communicating purposes.

Combating Human Wants :

There are two stages in satisfying human wants. First stage is the production of goods and services as per the needs of the consumers and the second stage is to take these goods to them. Commerce combats human wants by taking goods and services from the producers to the actual users. The branches of commerce facilitate the movement of goods and ensure that these reach those persons who need them.

Trade is the channel through which goods move to the consumers as per their needs. Transport creates place utility in goods. The goods are taken from the place of surplus (production centres) to places of scarcity (places where needed). Since producers cannot come into direct contact with the consumers so distribution channels solve this problem.

The wholesalers, retailers, agents etc. help in transferring ownership of goods to the consumers. In the absence of such channels, it is not possible for consumers to approach large number of producers to meet their needs. The branches of commerce such as banking, insurance, warehousing provides services which facilitate the transfer of goods to consumers. Since goods cannot be produced for day to day requirements the production has to be carried in anticipation of demand.

Warehousing provides a place for the goods which will be required at a later time. Insurance is necessary to cover up any loss of goods in transit. The funds required by various persons engaged in trade are provided by banks. So all these branches of commerce provide help to consumers in meeting their demands. The communication system improves the flow of information among producers and dealers of goods and services.

The consumer may not be aware of the latest goods and services available to meet their demands. The medias of advertising and salesmanship improve the knowledge of the consumers about the type of goods which are available. The consumer’s arc better placed in making proper selection of goods with the help of these medias.

The branches of commerce are the instruments for combating human wants. The producers and users of goods and services are brought closer by bringing in various people who provide one or the other service so that consumers: are able to meet their needs.

Scope of Commerce :

Commerce has a wider scope. It deals with not only the activities related to transfer of goods and services but also with the development and promotion of trade and its allied activities. The activities relating to various branches of commerce will have to be properly understood. The study of trade will include internal and external (foreign) trade, wholesale and retail trade, mercantile agents associated with trade, etc. The foreign trade will be concerned with import and export trade and the procedures to be followed in such trade.

There are a number of hindrances in undertaking trade. These may relate to transportation of goods, raising of finances, storing of goods for future consumption etc. These hindrances necessitate the study of various modes of transport, banking activities, warehousing and insurance facilities. All these facilities will help in the development of commerce. Both internal and external trade needs the use of cheques, bills of exchange, promissory notes, hundis, etc. The knowledge of drawing negotiable instruments is essential in financing the trade.

The customers will have to be made aware of the availability of goods and services in the market. The advertisement and salesmanship will help in promoting the products. Advertisements are playing an important role in the growth of trade. So these Medias have become an indispensable part of commerce.

The communication services play a vital role in the promotion of business activities. The producers and traders need information about the terms and conditions of buying and selling, movement of goods in transit and information regarding payments. Whole of this information is sent through communication devices of post office, telephone, telex, etc.

A number of time saving office devices like computers have also become a part of commerce. In a growing industrial world, marketing has become an important area. The activities like buying, assembling, grading, branding, and packaging also need proper emphasis in commerce.

Every enterprise needs a suitable form of ownership organisation for its proper working. A choice has to be made out of the sole-proprietorship, partnership. Joint Hindu Family Firm, Joint Stock Company and co­operative societies. Some undertakings are set up as public enterprises and public utilities. Commerce involves a study of various forms of organisation and their suitability in different situations.

Trade and Commerce :

The words trade and commerce do not have the same meaning. The term ‘trade’ is related to activities concerning buying and selling. Commerce, on the other hand, is a wider term including trade also. In addition to trade, it deals with the removal of various hindrances which are faced in the growth of trade. Trade may be internal, external, wholesale or retail.

Components of Commerce :

Commerce can be classified into two categories:

(i) Trade, and

(ii) Aids to Trade.

Classification of Trade :

Trade may be classified as follows:

(a) Internal Trade

(b) External Trade

(c) Wholesale Trade

(d) Retail Trade.

(a) Internal Trade or Home Trade:

The purchase and sale of goods inside the country is called internal trade. Goods can be taken to any place but within the boundaries of the country.

Internal trade may be divided as such:

(i) Local Trade:

When the demand for products is limited only to a particular place, it is called local trade. Goods are produced according to the local needs of the consumers. The producers and the consumers belong to the same place. The goods traded in local markets are generally goods of daily use and perishable goods. These goods are vegetables, milk, bread, etc.

(ii) Provincial or State Trade:

These goods are of a durable nature and sent throughout the state or province. The trade is limited to the boundaries of the state. Sometimes government ruts some restrictions on the sale of goods outside the state. Sometimes, goods are produced according to lite needs, requirements or customs of a particular region of state, then these goods are not required outside the boundaries of the state.

(iii) Inter-State Trade:

The trade conducted throughout the country but within the national boundaries is called inter-state trade. The goods traded are of durable nature and can be stocked for a longer period. The production of these goods is oh a large scale basis and they are sent to all parts of the country. Various kinds of textiles, kerosene, petrol, iron, steel, etc. are traded on the inter-state basis.

(b) External Trade or Foreign Trade:

When trade takes place between two countries, it is called foreign trade. Two countries are involved in foreign trade. The hindrances of place, time, risk, exchange are overcome with the help of various agencies. External trade generally requires permission from the respective countries.

External trade may be import trade or export trade. When goods are purchased from outside countries, it is called import trade. On the other hand, when goods are sold and sent out to other countries, it is called export trade.

(c) Wholesale Trade:

In wholesale trade, goods are purchased in large quantities and are sold to retailers. A wholesaler is a link between the producer and the retailer. This helps the producers in making bulk production and selling in large quantities. A wholesaler does not come into direct contact with the consumer.

(d) Retail Trade:

Retail trade involves selling goods to the final consumers. The goods are sold in small quantities to the consumers. A retailer purchases goods from a wholesaler and sells them to the consumers. He provides a link between the wholesaler and the consumer.

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ESSAY ON "IMPORTANCE OF COMMERCE EDUCATION"

It is said that whole life is a big schooling. One is never too old to learn. What is necessary is the willingness to learn. All knowledge is possible through the two eyes - curiosity and desire . Knowledge is like a vast, incomprehensible ocean.

Education may be general or it may be special. Now a days there are three faculties in higher education, namely arts, commerce and science. Young people, nowadays, are generally guided by lucrative aims. Their main desire is to earn money and become rich. Few people search for knowledge only for the sake of learning, as the older generations did. Business education offers good prospects for the ambitious person . Many of them join commerce colleges or take admission in commerce with the aim of getting good jobs. Economic activities and aims dominate the minds of modern men. Business , commerce and industries are important branches of economic activities. Industries are said to be the backbone of national economy . Trade or business follows the flag. The Englishmen came to India as traders and ultimately became the masters.

Commerce is at the moment a promising subject as a whole. In the present day world, almost every human activity is related with economy, whether in the shape of trade and industry or commerce and banking. Any concern which has transaction of money, a commerce graduate has his footing there. Secondly, the related fields of commerce are many and varied. Despite its broadening dimension, science still has a limited ability to create work for the vast majority of people. The scope of science is all the more limited in backward countries like Pakistan . The Humanities subjects are also not very promising from the profession point of view. Arts subjects appear to have lost their worth from earning point of view.

In view of above stated facts, it maybe said that commerce graduates have some what better prospects in Pakistan.

NOTE :  This essay is especially written for  class 9,  class  10,  class  11 and  class  12 . This  ESSAY ON "IMPORTANCE OF COMMERCE EDUCATION"  contains only  200 words.

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Essay on Importance of Education

• Updated on  
• Jun 6, 2024

Education is very important for success in life. A well-educated person not only succeeds in life but also takes his society and country to new heights. Education develops essential skills like decision-making, problem-solving, and mental agility. Education helps a person to be self-aware and to solve problems in personal and professional life. In this article, we have provided an essay on the importance of education and points to note before writing the same. Moreover, you would find short essays and long essays that can be used to present in school.

Check out our 200+ Essay Topics for School Students in English .

Table of Contents

• 1 Points to Note While Writing an Essay on the Importance of Education
• 2 Reasons Behind the Importance of Education
• 3 10 Lines on the Importance of Education
• 4 Importance of Education Sample Essay (100 words)
• 5 Importance of Education Sample Essaneighbouringy (250 words)
• 6 Importance of Education Sample Essay (400 words)
• 7 10 Popular Quotes on Education
• 8 What Will Your Child Learn From This Essay on the Importance of Education?

Points to Note While Writing an Essay on the Importance of Education

Certain points must be included while writing an essay. It makes the essay more detailed and helps the reader to understand the topic in a better way. An essay on the importance of education must include the following.

• While writing a short essay make sure that it is to the point 
• A longer essay must contain an introduction, body, and conclusion.
• Facts about education and the personal perspective of the writer must be included
• Think about the importance of educated individuals in society and write about them
• You can also write about the job market and the role education plays in it.

Also Read: Essay on Democracy

Reasons Behind the Importance of Education

There are many reasons that make Education of utmost importance. Some of those reasons are mentioned below:

• Removing Poverty : When people are educated, it helps society to fight and eradicate poverty because a person who is educated can get a good job.
• Safety and Security against Crime : A well-educated person cannot easily fall prone to a crime or fraud hence, education becomes a safety net to protect against crime and fraud.
• Increases Productivity : Educated people develop a lot f skills and knowledge because which they become much more productive.
• Confidence : An educated person develops a lot of self-confidence by facing and overcoming difficult situations that life throws at them.
• Improved Standard of Life : When an individual becomes educated, the quality of life for him/her and their family changes for the better.
• Women Empowerment : Education helps women become self-sufficient and thus empowers them.
• Upliftment of the Economically Weaker Section : Illiterate people have to suffer hardships like discrimination, injustice, untouchability, etc. By educating them, we can uplift their lives, thus uplifting the society.
• Communication : Education helps improve communication and good communication is essential for success.
• Success : Education is the key to achieving success. With it, comes a positive mindset that helps the individual excel in life.

10 Lines on the Importance of Education

Education is important for several reasons. Here are 10 lines on the importance of education that can be added to the essay. Students can also describe these points to make the essay more descriptive and coherent.

• Education is a basic need for every individual to live in the modern world
• Education helps us to understand technological systems and services
• An educated person can easily take up a job based on interest 
• Without an education, a person will lose the opportunity to be successful in life
• Moreover, education protects an individual from being cheated and exploited by others
• Educated citizens are a valuable asset to the company
• It also helps society to adapt to change and discard old and unproductive ways of conduct and thinking 
• Thus, it enables all sections of society to prosper 
• Particularly, it enables poor sections of society to prosper and develop
• Education helps an individual to uplift the society and community
• Education is extremely important for the development of individuals. Hence, children from all sections of society must be educated.

Also, Read; Essay on My Aim in Life

Importance of Education Sample Essay (100 words)

Education is crucial for the importance of the nation and its citizens. Education is about gathering knowledge and training the mind to think. Moreover, it helps a person to apply the knowledge gained to solve problems.  Education is important in the modern world, as it helps a person to learn about the world and new technologies. It can also empower people and help them to gain employment opportunities . Educated individuals can impart their knowledge to the next generation and thus contribute to society.  They also contribute to the development of the nation and society in general. Thus, the importance of education can’t be denied.

Importance of Education Sample Essaneighbouringy (250 words)

Men and women have to be educated as it helps in the development of a healthy society.  Educated individuals help in the progress of society. It is the highly educated individuals who lay the basic foundation of a developed country. Moreover, education helps in the personal development and empowerment of individuals. It develops in a person the knowledge, and critical thinking skills required to be successful in life. These skills increase self-awareness and help individuals to make informed decisions. Thus, people gain a deeper understanding of the world around them and help them to follow their interests, passions, and talents.

Education helps in growth and innovation. A well-educated workforce is more skilled and productive. Thus, they are more competitive in the global marketplace. Research , technological advancements, and entrepreneurship skills can all be credited to educated individuals. It is the sword that can be used against misinformation and ignorance. A well-educated person is more likely to make a good decision and resist manipulation. Moreover, education promotes healthy lifestyles among individuals.  Educated people are more likely to follow a healthy lifestyle and preventive healthcare measures. 

In conclusion, we can say that education helps in societal advancement and economic, and personal development. It helps individuals to make informed decisions and pushes society for innovation and growth. Education helps to uproot illiteracy and inequality in society. It encourages individuals to take better care of themselves and the environment they live in. Moreover, it encourages people to understand their duties, rights , and responsibilities toward their country.

Importance of Education Sample Essay (400 words)

Education is important for the development of the individual, nation, and society. It empowers individuals to make better decisions for themselves and for the environment they live in. Education provides an individual with the knowledge and skills that are necessary to navigate the complexities of life. It is crucial for personal growth, societal development, and global progress.

Education empowers an individual to think critically and develop analytical skills. It ignites curiosity in humans and encourages them to explore, learn and adapt to changes. Moreover, it helps individuals to identify their strengths and weaknesses, and set meaningful goals. Thus, it helps in the holistic development of an individual. Thus, a well-educated individual can contribute to the progress of the society. It develops empathy, and tolerance, and contributes to a stable and prosperous community. It also helps in the reduction of social inequalities and discrimination and encourages people to actively participate in the democratic functioning of the government. When individuals have access to education it means that they can get employment opportunities as well. Thus, education can help in eradicating poverty and increase economic growth. Moreover, it helps in increasing the living standards of families.

Globally, education helps to drive innovation, develop international cooperation, and deal with global issues. Scientific breakthroughs, advancement of technology, and innovations are all a result of education. Moreover, it helps in cross-cultural understanding and exchange of values and ideas. Global challenges such as climate change, and medical issues can be easily dealt with due to education. Society becomes better equipped to provide sustainable solutions for the betterment of all.

 Education can break down gender inequalities. Therefore, it can empower women and marginalized sections of the community. When societies recognize the importance of education, it helps in promoting equitable access to opportunities. Educating the girl child can result in a reduction in child mortality rates. Thus, it helps in social progress.

The importance of education can’t be denied. It results in personal development, international collaboration, and the development of society. Education provides knowledge and skills that are necessary for navigating through the challenges of life. Moreover, it helps in progress of the society and dealing with global challenges like environmental crises. Thus, education helps in creating a prosperous, and just world.  Education can help an individual achieve his dreams and aspirations. Most of the successful people in the world are educated. In the future educated individual will be a person who knows and can apply it to solve problems.

10 Popular Quotes on Education

Here are 10 popular quotes on education. Feel free to add them to your essay on importance of education or similar academic topics.

‘Education is not the learning of facts, but the training of the mind to think.’ – Albert Einstein

‘Education is the most powerful weapon which you can use to change the world.’ – Dr APJ Abdul Kalam

‘Education is the passport to the future, for tomorrow belongs to those who prepare for it today.’ – Malcolm X

‘The function of education is to teach one to think intensively and to think critically. Intelligence plus character – that is the goal of true education.’ – Martin Luther King Jr.

‘The mind is not a vessel to be filled, but a fire to be ignited.”‘- Plutarch

‘Education is not preparation for life; education is life itself.’ – John Dewey

‘Education is the key to unlocking the world, a passport to freedom.’ – Oprah Winfrey

‘The only person who is educated is the one who has learned how to learn…and change.’ – Carl Rogers

Education breeds confidence. Confidence breeds hope. Hope breeds peace.’ – Confucius

An investment in knowledge pays the best interest.’ – Benjamin Franklin

What Will Your Child Learn From This Essay on the Importance of Education?

An essay on the importance of education will help a student to learn to express ideas and knowledge simply. It will also help them to express their ideas in a lengthy format. 

An essay on the importance of education will help a student understand the significance of education in the modern world. Moreover, it will make them realize the privilege of a good education later in life.

Also Read: Essay on My Brother in 200 Words

Ans. Education helps a person develop critical thinking and decision-making skills. It helps empower a person to deal with the personal and professional challenges of life. An educated person can make rational and informed decisions while dealing with challenges.

Ans. Education helps in the development of the mind, and the growth of society and the nation. An educated society is an empowered society. Individuals of such a society can make informed decisions and can work towards the social, economic, and political development of the nation.

Ans. The main aim of education is to acquire knowledge and skills. It helps a person adjust to the environment and achieve goals.

Check out our Popular Essay Topics for Students

This was all about essay on the importance of education. We hope the samples listed above will help students with their essay writing practice. For more information on such interesting topics, visit our essay writing page and follow Leverage Edu.

Blessy George

Blessy George is a Content Marketing Associate at Leverage Edu, boasting over a year of experience in the industry. Her expertise lies in crafting compelling content tailored to online courses, making her a go-to source for those navigating the vast landscape of digital learning. In addition to online classes, she writes content related to study abroad, English test preparation and visas. She has completed her MA degree in Political Science and has gained valuable experience as an intern.She is known for her extensive writing on various aspects of international education, garnering recognition for her insights and contributions. Apart from her professional pursuits, Blessy is passionate about creative writing, particularly poetry and songwriting.

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Essays about: "importance of commerce education"

Found 4 essays containing the words importance of commerce education .

1. Consumers Data: When the Private Goes Public : An exploratory study on consumers’ concerns in the public and private spheres of e-commerce.

Author : Ray Nablsi ; Ouras Al-Bardan ; [2023] Keywords : Consumers’ concerns ; e-privacy ; e-security ; e-commerce ; personal data ; private sphere ; public sphere. ;

Abstract : In the digital era, e-commerce has gained significant traction, displacing traditional brick-and-mortar stores. However, this transition has raised concerns among consumers regarding e-privacy and e-security. Disclosing personal information on public e-commerce platforms exposes individuals to potential risks, such as data breaches. READ MORE

2. Driven by a Stranger : UberPOP and the Creation of Peer-to-Peer Trust

Author : Daniel Ketema ; Gustav Ronéus ; [2015] Keywords : ;

Abstract : During the last couple of years, the global taxi industry has been somewhat overwhelmed as well-established taxi companies all over the world currently are experiencing severe competition from a new actor on the market. This company is named Uber and was founded in San Francisco in 2009. READ MORE

3. "Effectuation in Entrepreneurship, a Case Study of Bonusbox"

Author : Qian Liu ; [2014] Keywords : ffectuation in Entrepreneurship ; tech startups ; social media ; social commerce ; Berlin ;

Abstract : Purpose - This study provides an updated understanding of effectuation in the new tech start up era of social commerce; specifically, it answered two questions: (1) How does a social commerce startup entrepreneur make decisions? (2) Why is it successful so far? Importance - It aims to contribute to the academic research on social commerce startup education. Methodology - Using a single case in-depth study, followed closely by the theory of effectuation in comparison with causation, to determine the behaviors of the observed. READ MORE

4. ICT Awareness in Small Enterprises In the Indian Tourism Branch

Author : Jasmina Badnjevic ; Lena Padukova ; [2007-04-25T09:52:44Z] Keywords : ICT ; e-commerce ; India ; small companies ; tourism ;

Abstract : The boom of information and communication technology (ICT) in India is a well-known phenomenon with a positive impact on the economy. As tourism industry and small companies are of big importance for India’s economy, this thesis examines the ICT awareness in small travel agents and tour operators, in terms of ICT awareness definition, its level, and the affecting factors. READ MORE

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Home — Essay Samples — Economics — Commerce — The Importance of E-commerce

The Importance of E-commerce

• Categories: Commerce E Commerce

About this sample

Words: 531 |

Published: Mar 1, 2019

Words: 531 | Page: 1 | 3 min read

• Knowing when an product was saved or not saved in the shopping cart.
• Returning to different parts of the site after adding an item to the shopping cart.
• Easy scanning and selecting items in a list.
• Effective categorical organization of products.
• Simple navigation from home page to information and order links for specific products.
• Obvious shopping links or buttons.
• Minimal and effective security notifications or messages.
• Consistent layout of product information

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Value of Education Essay

500 words essay on value of education.

Education is a weapon for the people by which they can live a high-quality life. Furthermore, education makes people easy to govern but at the same time it makes them impossible to be enslaved. Let us take a look at the incredible importance of education with this value of education essay.

                                                                                                                        Value Of Education Essay

Importance of Education

Education makes people independent. Furthermore, it increases knowledge, strengthens the mind, and forms character. Moreover, education enables people to put their potentials to optimum use.

Education is also a type of reform for the human mind. Without education, the training of the human mind would always remain incomplete.

Education makes a person an efficient decision-maker and a right thinker. Moreover, this is possible only with the help of education. This is because education acquaints an individual with knowledge of the world around him and beyond, besides teaching the individual to be a better judge of the present.

A person that receives education shall have more avenues for the life of his choice. Moreover, an educated person will be able to make decisions in the best possible manner. This is why there is such a high demand for educated people over uneducated people for the purpose of employment .

Negative Impact of Lack of Education

Without education, a person would feel trapped. One can understand this by the example of a man who is confined to a closed room, completely shut from the outside world, with no way to exit it. Most noteworthy, an uneducated person can be compared to this confined man.

Education enables a person to access the open world. Furthermore, a person without education is unable to read and write. Consequently, a person without education would remain closed to all the knowledge and wisdom an educated person can gain from books and other mediums.

The literacy rate of India stands at around 60% in comparison to more than 80% literacy rate of the rest of the world. Moreover, the female literacy rate is 54.16% in accordance with the 2001 population census. These figures certainly highlight the massive problem of lack of education in India.

To promote education, the government of India takes it as a national policy. The intention of the government is to target the very cause of illiteracy. As such, the government endeavours to eradicate illiteracy, which in turn would lead to the eradication of poverty .

The government is running various literacy programmes like the free-education programme, weekend and part-time study programme, continuing education programme, mid-day meal programme, adult literacy programme, etc. With the consistent success rate of these programmes, hopefully, things will better.

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Conclusion of Value of Education Essay

Education is one of the most effective ways to make people better and more productive. It is a tool that can make people easy to lead but at the same time difficult to drive. Education removes naivety and ignorance from the people, leaving them aware, informed, and enlightened.

FAQs For Value of Education Essay

Question 1: What is the importance of education in our lives?

Answer 1: Having an education in a particular area helps people think, feel, and behave in a way that contributes to their success, and improves not only their personal satisfaction but also enhances their community. In addition, education develops the human personality and prepares people for life experiences.

Question 2: Explain the meaning of true education?

Answer 2: True education means going beyond earning degrees and bookish knowledge when it comes to learning. Furthermore, true education means inculcating a helping attitude, optimistic thinking, and moral values in students with the aim of bringing positive changes in society.

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How the Political Power of Teacher Unions Affects Education

36 Pages Posted: 20 Jun 2024

Kensuke Maeba

Northwestern University, Judd A. and Marjorie Weinberg College of Arts and Sciences, Department of Economics, Students

Eduardo Campillo Betancourt

Affiliation not provided to ssrn.

Date Written: June 12, 2024

Teacher unions play an important role in determining the quality of public education, especially when they have political power. However, the effects of teacher unions on education are theoretically ambiguous and empirical evidence is limited, particularly in developing countries. This paper studies how politically powerful teacher unions affect public education, focusing on the largest corporatist teacher union in Mexico and a performance-pay program regarded as an union's patronage tool for rewarding teachers based on their electoral support. We show that the number of public secondary school teachers who got promoted in the program increased in the municipalities supporting the union-affiliated candidate during the 2006 presidential election, compared to less supportive municipalities, after that election. However, we also show that the increased promotion was not associated with improved learning outcomes. Combined with robustness checks, our results suggest that the implementation of the program was distorted when the union gained political influence through the alliance with the ruling party.

Keywords: Teacher union, Performance-pay program, Clientelims

JEL Classification: I28, O17, P17

Suggested Citation: Suggested Citation

Kensuke Maeba (Contact Author)

Northwestern university, judd a. and marjorie weinberg college of arts and sciences, department of economics, students ( email ).

Evanston, IL United States

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Read the college essay a Harvard grad wrote about McDonald's that landed him offers from Harvard, Yale, and Princeton

• Cofounder of AI company Exa Jeffrey Wang wrote his college application essay about McDonald's.
• The Harvard graduate said he wanted to make his essay authentic and entertaining.
• Wang said he got into Yale, Harvard, and Princeton using the same essay.

When Jeffrey Wang was a high-school senior in Connecticut in 2014, he wasn't sure what to write about for his college application essay.

He thought about writing his essay on a subject he enjoyed at school or a project he'd worked on. But he knew others would have the same idea .

Wang told Business Insider he grew up in a middle-class family in the suburbs of Cheshire, CT. He felt he didn't have anything extraordinary to write about.

"I hadn't spent any summers abroad, and I hadn't done any fancy programs," he said.

He wanted to show his personality

He read Harry Bauld's book, 'On Writing the College Application Essay,' which made him realize college admissions officers wouldn't have time to read each essay diligently.

He said he realized his primary objective should be to entertain the admissions officer reading his essay .

"For the most part, they're just looking for character," Wang said. He decided to write about studying at McDonald's.

He told BI he thought it might pique an admissions officer's interest and illustrate his character: someone who did well at school but also hangs out at a McDonald's.

Wang said he also wanted to use his essay to challenge assumptions admissions officers might have. "I'm an Asian-American with a perfect SAT score. Maybe that looks pretty cookie-cutter on paper," he said.

Authenticity is key

The essay summarizes how Wang discovered his local McDonald's was an ideal place to study and meditate. He mentioned he liked interacting with different community members and how it was a more efficient and affordable study space than other options. The underpinning message is finding joy or peace in unusual places.

Related stories

"For the most part, it was a pretty authentic essay," Wang said, adding that he included a few "intellectual references," such as a novel and a physicist, to show the admissions officer he was smart. He said if he were to write it now, he'd leave out the big words and references.

His parents were worried the topic was too risky, but Wang said he felt confident, and if an admissions officer didn't like it — the school wasn't the right fit.

He got into Yale, Harvard, and Princeton

Growing up, Wang dreamed of attending Yale in his home state of Connecticut. He applied to Yale under early decision , using his essay about McDonald's.

Wang received an offer of financial aid from Yale, but he told BI he wanted to see if he could get more from other colleges.

He applied to Harvard, Duke, Princeton, MIT, and others with the same essay. He got into both Princeton and Harvard, and received offers of financial aid from them both. Business Insider has verified these offers with documentation.

Wang chose to study computer science at Harvard in 2015 because he said it was the best for STEM subjects, and he wanted to be further away from home.

He still tries to live authentically

Wang said if his friends read his essay now, 10 years after he submitted it, they'd recognize his personality in it. It shows his "scrappy" attitude to life, he said.

After graduating from Harvard in 2019, he started working as a software engineer for a tech company in San Francisco. He quit in 2022, and cofounded his startup Exa, a search engine for AI, in 2023.

Wang believes that prioritizing authenticity helped his success since college. "If you do things that you feel are authentic or that are right, you'll be rewarded for it," he said.

Do you have a college admissions success story? Email Ella Hopkins at [email protected] .

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