What role does the type of economic system play on education and students’ experience? Does free...
What role does the type of economic system play on education and students’ experience? Does free education impact students’ experience, pass rates and efficiency change for the better or worse? Support your analysis with one or two examples from authoritative sources.
Homework Answers
Economic types namely capitalist, socialist or mixed have varied impacts on education and students experience. For example US and India have the highest number of Institutions with coverage and depth and have produced best in class talents.
However socialist countries like China and Russia have been far better in revolution and innovation but lack education expertise and hence has highest number of students going abroad for higher studies.
Mixed economies like Japan and Germany however are better off with stable and sustainable education system however lack availability of higher numbers of colleges.
Free market always causes free education which ultimately leads to mass market penetration. However this means lack of quality and value proposition will be seen as educators get paid absolutely zero. Which impacts students experience and thus pass rates and Qualitative education services gets miss. Thus students ultimately look out for abroad or better education opportunities which again causes imbalance and loss of productivity in short run.
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What role does the type of economic system play on education and
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