Education is subsidized because it generates beneficial externalities.

Name: Education is subsidized because it generates beneficial externalities.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Education has positive effects on society beyond the individual who receives it. For example, an educated workforce can lead to economic growth and a more informed citizenry can lead to a more productive and engaged democracy. These positive effects are considered beneficial externalities and justify government intervention and subsidization of education.

Education Is Subsidized Because It Generates Beneficial Externalities