Investing in education and human capital is crucial for economic growth in Romania. To maximize the benefits, a suitable strategy for economic and social development is needed, along with stability and a strong relationship between income, occupation, and education. Social and psychological capital also play a role in improving economic activity by influencing education quality, health, market access, and long-term planning. Economic development involves various transformations and competitiveness, with knowledge being a key factor in driving growth. The New Economy is linked to the knowledge economy, where knowledge is essential for economic progress.