Externalities of Education Essay Example | Topics and Well Written Essays - 500 words - 1

Externalities of knowledge - Essay ExamplePublic Education and Decreasing Unemployment Levels Rising levels of semi earthly concern pedagogy decrease unemployment levels so public commandment proves to be a positive externality. In true countries where higher precept is being to a greater extent public, the level of unemployment further decreases. Moreover, in countries where technical education becomes more public this rate goes further down. When professional and skilled learning becomes public, it also increases the aim mobility rate and labor starts moving towards better occupation from traditional to more professional.Public Education Raises Living Standards Public education is a positive externality as it raises the living standards of people. With the increase in technical and skillful education at public level, people start stickting awareness about modern technology and pave their ways towards better living. Public education offers more chances towards advancement and development especially for common man. Comparatively, it is flashy than private education so more people have opportunity to achieve the benefits. Public education is quickly available which also makes common man to reap the full benefits from this system of education.Public Education and the Level of Awareness among People As already mentioned, public education can be readily available so with the help of this education system more and more people can get awareness about common issues regarding health and fitness, balanced diet, pollution etc. So, again we can well say that public education is a positive externality because of its social benefits.When we analyze the existence of public K-12 school systems versus Private K-12 Schooling system, we can examine various points pro and against the existence of these two. It is important to meet that both the systems have their own advantages as well as drawbacks. Most of the