In: Economics
Discuss two advantages and disadvantages of private higher education and public higher education for Malaysian Economy.
Advantages of private higher education
1. The private institutions of higher education offered degree,
diploma and certificate courses.
Among the courses offered by the private institutions that
attracted the largest number of
students were the diploma courses followed by the certificate and
degree courses.
2. Private institutions of higher education have also have had a comparative advantage in providing diploma and certificate courses whereas the public institutions have a comparative advantage in offering degree courses.
Advantages of public higher education
1. Malaysia government spending in education is enjoy by every citizen particularly those who are less wealthy and unable to gain access to private education. Besides that, this study is to carry out observation whether income is fairly distributed among Malaysian as economy growing.
2. Government spending on education is recorded in an increasing trend for the past decades. Therefore it is crucial to identify if the spending has a strong positive effect on income growth and income equality. Implementation of proper policies according to current situation are acquired in order government spending is used efficiently.
Disadvantage of private higher education