WHATSAPP 064 516 7275
WHATSAPP 064 516 7275
WHATSAPP 064 516 7275
WHATSAPP 064 516 7275
WHATSAPP 064 516 7275
WHATSAPP 064 516 7275
QUESTION 01
Mixed Goods or Quasi-Public Goods: Higher Education
Some goods like higher education are mixed goods or quasi-public goods because they have aspects
of both public and private goods. The reasons for this are given below:
Excludability: Higher education is partially excludable. Even though universities can charge tuition
fees, there are cases where some students can acquire education through scholarships, government
grants, or free courses, especially in subsidized higher education nations.
Rivalry: Higher education is not completely rivalrous in the fact that numerous students can go to the
same university at the same time (although there are limited places and resources). Certain
programs, however, may be over-subscribed, creating a form of rivalry for entry.
Public Funding and Accessibility: In some cases, higher education is publicly funded, making it more
accessible to a wider segment of society. Such public funding is intended to enhance social welfare
through the provision of access to higher education for more individuals, hence contributing
positively to society as a whole.
Social Gains: Education at a more advanced level produces spillover benefits for society, such as
increased productivity, innovation, and social mobility that are external to the individual learner. This
public good nature prompts governments to provide subsidies, relief from taxation, or loans in order
to provide it.
REFFERENCES
• Samuelson, P. A. (1954). The Pure Theory of Public Expenditure. The Review of
Economics and Statistics, 36(4), 387-389. https://doi.org/10.2307/1925895
WHATSAPP 064 516 7275
WHATSAPP 064 516 7275
WHATSAPP 064 516 7275
WHATSAPP 064 516 7275
WHATSAPP 064 516 7275
QUESTION 01
Mixed Goods or Quasi-Public Goods: Higher Education
Some goods like higher education are mixed goods or quasi-public goods because they have aspects
of both public and private goods. The reasons for this are given below:
Excludability: Higher education is partially excludable. Even though universities can charge tuition
fees, there are cases where some students can acquire education through scholarships, government
grants, or free courses, especially in subsidized higher education nations.
Rivalry: Higher education is not completely rivalrous in the fact that numerous students can go to the
same university at the same time (although there are limited places and resources). Certain
programs, however, may be over-subscribed, creating a form of rivalry for entry.
Public Funding and Accessibility: In some cases, higher education is publicly funded, making it more
accessible to a wider segment of society. Such public funding is intended to enhance social welfare
through the provision of access to higher education for more individuals, hence contributing
positively to society as a whole.
Social Gains: Education at a more advanced level produces spillover benefits for society, such as
increased productivity, innovation, and social mobility that are external to the individual learner. This
public good nature prompts governments to provide subsidies, relief from taxation, or loans in order
to provide it.
REFFERENCES
• Samuelson, P. A. (1954). The Pure Theory of Public Expenditure. The Review of
Economics and Statistics, 36(4), 387-389. https://doi.org/10.2307/1925895
