"Why is it likely that in a system of private education (i.e., a system in which individuals pay for their own education) there will be underinvestment in education? *Remember, education, likes yard work, provides additional social benefit to the society."
A system in which individuals are required to pay for their own education will attract little attention from government and quasi-government agencies. This is because the government considers its first duty to look after the ...
The system of private education is scrutinized.