In many countries, education is either wholly provided by the government or is heavily subsidized. how would an economist explain this?

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Business

Eden Perkins

2 November, 13:39

In many countries, education is either wholly provided by the government or is heavily subsidized. how would an economist explain this?

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Davis · Answer 1

If the country monitors or completely controls education, it can control what it's interested in, that is, it can create education opportunities for things that it needs whether it be science and humanities, which can in return be good for the economy because those people will work in the country and pay taxes and the country will get richer.