Private businesses have a great interest in quality primary and secondary educat

Question

Private businesses have a great interest in quality primary and secondary education because today’s students are tomorrow’s employees. However, private businesses make limited financialcontributions to this sector of education (excluding the taxes they pay to public school systems), even to market-oriented programs like vouchers and charter schools.

1.What kind of good is primary and secondary education?

2.Identify the characteristics of the good you identified in part

(1) and explain how primary and secondary education satisfies these characteristics.

3.Given your response to parts (1) and (2) above, does it surprise you that private firms contribute so little to primary and secondary education? Explain?

Explanation / Answer

Primary education increases the understanding of basic fundamentals of operation of a child in it's school time. This type of approach is directly helpful in maintaining better standards of operation for kids as it provides extensive support to create a better understanding and improving the availability of options for primary as well as Secondary Education. By investing in primary and secondary education many organisations or government can increase the quality of the education creating better employees.

Private businesses do not invest in primary or Secondary Education due to the probability or uncertainty of the success of the total students in specific operative environment. Even if the private Institutions show their interest in the market oriented School programs, there is no surety that the specific outcome of students would be eligible or qualitative enough to be appointed as employees for the specific organisation.
Second major reason behind private Institutions not investing in primary or secondary Healthcare is availability of Huge competition and chances of the students going to other organisations after pursuing quality education. This is specific type of approach directly puts a burden on the organisation for carrying the cost of education for other organisations or competitors.

Primary and secondary education is necessary for a student to maintain our understanding of its area of interest as well as to explore the specific characteristic in a positive manner. Investment of the governments for developing such a specific programs are essential to maintain better quality in provision of education to the students in developing them as a better employees for the organisation which increases the level of employment by a huge margin. This type of approach also helps an organisation or an institutional network to maintain better standards of education creating it as one of the most important tools of improving learning capabilities for the students at a very basic level.

By looking at the response to the parts 1 and 2 we can easily see that the reason behind private Institutions not spending in primary and secondary education is the core matter of return on investment. As the expectancy of return on investment is very low, private organisations setback does not invest in primary or Secondary Education.

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