Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Determinants of Social Demand for Education - Equity

Perfect equality is not observed in any society. Hierarchy in status, standards of living, capacities for effective demand/purchasing capacity for goods and services, uneven spread of facilities and opportunities are common and especially so in developing countries like India. It is a situation wherein those who can pay the piper shall be calling the tune. A significant number of people are left out from the
mainstream of educational or other developmental opportunities. If there is no intervention by the state (i.e. an in-egalitarian situation), then the gap between the well to do sections of society and the weaker sections in regard to access to educational opportunities and the profits that flow from the same would go on increasing. This would then lead to the undesirable strengthening of in-egalitarian structures.


It is logical to assume that when individuals spend money on higher education, they would treat it as an investment and would expect to get returns on the same spread over a life time. Persons with the paying capacity for higher education would be recovering the same from their clients when they begin to use their higher education for practicing their profession, trade, business or occupation. Naturally, higher costs of education that are already paid out would demand higher prices for the services associated with them. The higher prices that clients would be paying for an engineer or a doctor or a businessman or an advocate or a pharmacist would in turn make good through their occupations.

This process would get circulated leading to an overall increase in prices of goods and services that enter the market. The groups which are outside this market system are the labour class such as the agricultural labourers, the subsistence farmers, construction workers, artisans, etc. who are not mobilised and organised enough to get their wages/profits on par with the  dynamic markets. It is also observed in certain parts of India that the state of affairs where wealth and status dictate higher education leads to an increasingly male dominated society involving gender discrimination and devaluation of women’s status. Rich fathers having daughters and nurturing aspirations for sons-in-law in the higher professions of life would become targets of extortion of money by the parents of sons qualifying for professional education. They would be paying a very high bridegroom price or dowry for getting professionally educated sons-in-law. The price to be paid for marrying off a girl shoots up in unreasonable and dehumanising ways. The status of women in society suffers from a backlash.

Thus from the point of view of equity in society in general and the merited students from lower strata of society in particular as also that of women’s equality, the state cannot be a mute witness to uncontrolled and exclusive participation of private enterprise in the organisation and management of higher education, especially professional education.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9516732

Have any Question?


Related Questions in Microeconomics

Question 1 draw a short run firm and industry competitive

Question: 1. Draw a short run firm and industry competitive equilibriums for a perfectly competitive gator farming industry before the number of alligators farms in Fl. doubled. For simplicity assume the gator farm is ea ...

Industrialization has made america one of the greatest

Industrialization has made America one of the greatest superpowers in the world. But that economic growth and prosperity has come with a price. In the early days of the Industrial Revolution in America factories spewed m ...

Question consider an economy with the representative

Question: Consider an economy with the representative consumer, representative firm, and government. Suppose that G = 12. The consumer's preferences over the consumption good and leisure are given by the utility function ...

Question an economy has the production function y a k03

Question: An economy has the production function Y = A (K^0.3) (L^0.7) where A = 1 and (L^0.7) = 10. The depreciation rate is 10% and the investment rate is 30% of output. a. Compute the steady state level of capital. b. ...

Question new york state is one of the largest states in the

Question: New York state is one of the largest states in the nation, but most of it comprises farmland. New York state is the 3rd largest dairy producer in the nation and competes for the top spots in Apple production an ...

Question the first reading you had this semester was i

Question: The first reading you had this semester was I, Pencil. What was the lesson of this reading? How would a tax on lumber affect the coordination of all actors needed to make a pencil? Do you think this would resul ...

Question in the early stages of recovery the sampp 500 and

Question: In the early stages of recovery, the S&P 500 and other broad-based stock market indexes generally rose at least 25%. Yet in the months of the first three quarters of 2002, these indexes dropped over 30%. Why di ...

Question explain why the fish left behind are a type of

Question: Explain why the fish left behind are a type of investment. Some opponents of property rights in fish have argued against ownership because the fish already belong to "everyone." Try to define what (if anything) ...

Question why did the price fall and quantity rise suppose

Question: Why did the price fall and quantity rise. Suppose you are told that last year the price of peanuts fell and the quality sold increased. Using supply and demand analysis explain how these changes occurred. The r ...

Question suppose inputs are only substitutable at two units

Question: Suppose inputs are only substitutable at two units of labor for every one unit of capital and one unit of output is produced for every unit of labor or 1/2 unit of capital. What would be the equation for the pr ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As