Suggest and explain some actions that the government might take to increase the level of efficiency...

Suggest and explain some actions that the government might take to increase the level of efficiency in the market for education?

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Expert Solution

education can be considered as a positive externality and that is the reason why the efficiency can be improved only through government actions so that socially optimal level of output education is generated and some of the policies for increasing the efficiency for education in the market include

1) increasing the level of scholarships and subsidies for the people who pursue education so that more people would be willing to take up studies seriously on the whole

2) encouraging the educational institutions set up special places which are remote because this can help the rural and remote people to educate themselves and this can be done in the form of reduction in taxes for setting up educational institutions etc.

3)investing highly in the research and development field of the education in various sectors and for instance doctoral programs so that more amount of benefit can be generated from it so that it would increase the level of productivity of the country and with this the efficiency of education is also improved

Rahul Sunny answered 1 year ago

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