Socioeconomic added value of the acquisition of knowledge, know-how, skills and competences.
Comment
- Benefits of education and training can be private (individuals, enterprises or institutions), or public, benefiting a whole region, economy or society;
- benefits can be monetary (such as wages) or socioeconomic (health, wellbeing, social cohesion, reduced crime, employment, productivity, growth).
Source
Cedefop.