What is the primary determinant of a person's earning potential?

Question

Quizplus · Accepted Answer

Education is usually the primary determinant of a person's earning potential. Studies have shown that individuals with higher levels of education tend to earn more than those with lower levels of education. This is because higher education generally translates into increased skills, knowledge, and expertise, which are highly valued in the labor market. While other factors such as work experience and family background can also play a role in determining earning potential, education is widely recognized as the most important factor in this regard.

What Is the Primary Determinant of a Person's Earning Potential