The argument for government provision of education hinges on the existence of

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The argument for government provision of education is based on the existence of spillover benefits. Education provides benefits not only to the individual receiving it, but also to society as a whole. Better-educated individuals can contribute more to the economy and society, leading to economic growth and social welfare improvements. However, individuals may not fully consider these external benefits when making their education decisions, leading to an underinvestment in education. Therefore, the government may step in to provide education and ensure that these spillover benefits are fully realized.

The Argument for Government Provision of Education Hinges on the Existence