What kind of good is primary and secondary education

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Reference no: EM132209869

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?

Reference no: EM132209869

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