Answer:
The summary of the given text is found below:
Step-by-step explanation:
Paragraph 1
Main Ideas: The importance of investing in education as a means of reducing poverty, improving health and driving economic growth.
Details: Education is a means of knowledge and skill transfer from generation to generation, either in a formal or informal setting.
Formal education, which is acquired in a formal institution with a curriculum, shapes the lives of the individuals in a society which in turn improves the health, alleviates poverty and drives growth in an economy.
Paragraph 2
Main Ideas: How education increases labour and productivity and enhances economic growth.
Details: Human labour is a factor of production in a society. An educated labour force increases the productivity of that society by finding new ways of producing products that are beneficial to the economy thereby driving economic growth
Paragraph 3
Main Ideas: How education can reduce the rate of poverty and improve the standard of living in a society
Details: With increased literacy and education, more job opportunities and employment is created for the members of the society. Increased job opportunities and employment mean that more people would have more money to buy the things they need and improve their standard of living and thus reduce poverty.
Paragraph 4
Main ideas: How education equips people to make healthy living choices and thus live longer
Details: When people are educated, they learn about balanced diets, what type of food to eat and when to eat them. With this information, they make healthy food choices which in turn make them live longer.
Also with improved knowledge and education, advances are made in the fields and science and technology as well as Medicine, which facilitates the development in a society.
Paragraph 5
Main Ideas: The summary of the importance of acquiring education.
Details: Education is very crucial to improving the standards of living, literacy, health and life expectancy, and development of any economy or society