Literacy
Ability to read and write.
Formula
Adult Literacy Rate = (Literate adults ÷ Total adult population) × 100
Real World
In Bangladesh, rising female literacy rates from the 1990s onwards contributed directly to increased participation in the garment industry workforce, fuelling economic growth and attracting foreign manufacturers.
Exam Focus
Link literacy rates to workforce quality and productivity in emerging market questions; examiners reward chains of reasoning that connect education to business performance.
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