The concept of 'Lifelong Learning' in the context of technological change emphasises:
A. The irrelevance of skills in a digital economy
B. Only front-loaded education in youth
C. Only on-the-job training without formal education
D. The need for continuous education and skill upgrading throughout an individual’s working life
Answer: Option D
Solution (By JKSSB Mock Tests)
Lifelong learning refers to the ongoing, voluntary and self-motivated pursuit of knowledge and skills throughout life, which becomes increasingly important as technological change accelerates the obsolescence of existing skills.
Explanation:
Social marginal cost includes both private costs and external costs. It is used in the analysis of externalities and in determining the socially optimal level of output.
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