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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Is It a Public Good or Private Good

Is It a Public Good or Private Good

Q Is it a public good or private good? Answer and defend using economic theory

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I think that education is a public good and also there are different types of the policies for education and there are many things that are also part of the educational strategies. Ethically it is the right of every human being to get educated. Formal education is essentially a public good and also there are different types of the policies that are part of the education distribution system. Since education is also one of the factors for determining the income of the people so there is also a huge amount of the influence of the private sector in the education business. There are lots of children who are not able to have two square meals a day then do not dream of education at all as they feel it is a luxury.