The Economics of Education & Financing Education Adequately - Essay Example

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The Economics of Education & Financing Education Adequately [University] [Instructor Name] The Economics of Education & Financing Education Adequately It is true that quality education results in positive outcomes in many key areas of the society…
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The Economics of Education & Financing Education Adequately
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The most important advantage is that it helps improve a person’s ability of decision-making; it also helps us identify and make the right choices and helps understand the consequences of our wrong actions. Therefore, the intellectual and academic learning that an individual receives in school results in a long-term contribution to the social and economic welfare. These individual gains then later on are transformed into social gains. When there are more educated people in the society people are able to find adequate employments which encourage economic stability and it also constructs a well-educated and skillful environment. Following are the advantages of adequate education discussed in detail: BENEFITS OF EDUCATION ECONOMIC: the US government and of many other countries have adopted the approach of making their educational systems better and are diligently investing for its betterment because it results in the broader social and economic welfare in the long run. In the current prevailing recession, there is a great impact on people with lower educational level. The Harvard professor conducted a research which stated that “for a fact education has mattered greatly at the time of recession therefore it reminds us that America’s future is dependent on its human capital”. ...
er, in Fentress County unemployment rate has risen up to 11.9, Putnam County it reached up to 8.6% and in Cumberland County it has reached up to 11.5% whereas in Tennessee it has reached to 9.5% which means that the poverty rate has gone high. Top counties which make up for most of the tax revenues are Putnam, Fentress and Cumberland which is up to 0.68%. SOCIAL: uneducated people place a great load on the society because education creates awareness among them which keeps them from doing the wrong deeds. Public education provides one of the best ways to reduce crime rate and its costs from the society by helping people gain knowledge, polishing their skills and creating awareness. There are 341 college students in Fentress County, 1,259 in Cumberland, 6,958 in Cumberland and 162 in Pickett County. According to the reports released by the local sheriff’s department there were only 17 cases of felony registered in Pickett County in the year 2005. However in Putnam County there were numerous registrations of burglaries, assaults, rapes in the year 2005. In Cumberland however theft rates were high up to 572 and in Fentress County numerous cases on burglaries and thefts were recorded which is all due to the high illiteracy rate. According to a study in 1997, 41% of the prisoner’s, between the ages of 18 to 40 had not completed high school. Learning also creates a sense health awareness which improves people’s health and they live longer because they depend less on government aid than people with less education and income level. The reason is that creates awareness about the pros and cons of their actions e.g. educated people are less likely to have smoking or drinking addiction, obesity etc because they frequently exercise and eat healthy diet. POLITICAL: schooling Read More
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