Answer:
Answer:Role of education in quality of life:
<em>Education is the light of knowledge. It raises awareness. A person can improve his/her family members' quality of life through the proper knowledge, attitude and skills attained by education. Therefore, education is regarded as an important element of quality of life.</em>
<em>practical wisdom
</em>
Phronesis refers to intelligence, prudence, practical action and good judgement. It is just not wisdom by itself, but coupled with practical virtue, thus the term “practical wisdom”.
Aristotle explains that ethics has a purpose, and that is to become good. He further discusses virtue as practical, emphasizing that merely knowing is not enough. The understanding of ethics should be demonstrated.
The answer is true ofcourse
In economics, a circular flow model is a diagram that is used to represent the monetary transactions in an economy.
National income, output, and expenditure are generated by the activities of the two most vital parts of an economy, its households and firms, as they engage in mutually beneficial exchange.
Households
The primary economic function of households is to supply domestic firms with needed factors of production - land, human capital, real capital and enterprise. The factors are supplied by factor owners in return for a reward. Land is supplied by landowners, human capital by labor, real capital by capital owners (capitalists) and enterprise is provided by entrepreneurs.<span> Entrepreneurs combine the other three factors, and bear the risks associated with production.</span>
It helped to provide them with food and was very fertile for farming. It was also very helpful for transportation.
