The educational system refers to the formal structure and processes through which individuals acquire knowledge, skills, and competencies at various stages of their lives, such as primary schools, secondary schools, colleges, and universities.
Related terms
Human capital formation: Human capital formation refers to the process of increasing human capital by investing in education, training programs, and other activities that enhance individual productivity.
Brain drain: Brain drain occurs when highly skilled or educated individuals leave their home country to seek better opportunities abroad.
Literacy rate: Literacy rate measures the percentage of people aged 15 years and older who can read and write. Higher literacy rates are generally associated with higher levels of education within a population.