Question

In: Economics

Explain whether you agree or disagree with the following statement: The education of children is obviously...

  1. Explain whether you agree or disagree with the following statement:

The education of children is obviously a public good. Educated people are more productive workers and usually have a higher degree of life-satisfaction and welfare. They are more likely to be politically engaged and have a higher sense of civic awareness. Finally, they are more likely to raise children with all these qualities. Therefore, providing education is a public good that should be supplied by the government. ?

Solutions

Expert Solution

True. I agree with the statement. The education of children is definitely a public good. It is supposed to be provided to each and every child of the society irrespective of rich or poor. Providing education which is a public good should definitely be supplied by the government. Saying this doesn't mean that it should be only supplied by the government. The private owners may as well provide it in institutions. Saying government should provide education means that it is included in basic necessities of life. Every Petin the world has a right to education but due to financial reasons mostly, they are not able to have access to it. Education plays a very important part as mentioned in the sentence above and an educated person will provide education to the coming generations too. So education shoutbe supplied by the government.

NOTE: I HOPE YOU WILL BE SATISFIED WITH MY ANSWER PLEASE DO PROVIDE RATING. THANK YOU AND HAVE A NICE DAY. :))


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