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Education is often identified as a club good which is defined as a good or service that is non-rival in consumption but is excludable. Assuming you agree with this description, provide answers to the following: 1. What would be the likely outcome if government decided to stop providing education and closed all public schools?
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Answer #1

Education being club good implies that those who do not pay for it, can be debarred from its benefits. If government stops providing education and closes all public school, there will be mass exploitation of people by the private education providers.

Those who are living below the poverty line would be debarred from education rights. Society will be divided between rich and poor.

Thus, government must provide such club goods to maintain balance in society.

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