What does the term 'Panacea' refer to?

• The term 'Panacea' refers to - A universal remedy.

• Panacea (noun)
English Meaning: something that cures all ills or problems.
Bangla Meaning: সব ধরনের রোগ নিরাময়কারী ওষুধ; সব ধরনের সংকট মোচনের উপায়।

Example Sentence:
1. Education is often seen as a panacea for poverty and inequality.
2. There is no panacea for grief; each person's journey through loss is unique.

Source:
1. merriam-webster.
2. Accessible Dictionary by Bangla Academy.