Education: Luxury or Necessity

While allocating funds to education sector, governments do not pay much attention and reallocate funds towards different levels of education irrespective of keeping stage of development of economy of their country in mind which usually make education expensive or out of reach of common man. The correlation between percentage of government funds spent on education and literacy rate was checked and found weakly positive. Earlier researches show that the correlation is moderated by culture, poverty and gender gap.