In your view is it essential for the government to regulate the fee structure in education and health care institutions If so why Economics CBSE class 11 ncert

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In your view, is it essential for the government to regulate the fee structure in education and health care institutions? If so, why? -Economics CBSE class 11 ncert

Book: Indian Economic Development
Chapter 5: Human Capital Formation in India
(NCERT textbook questions)


By:Aparna-Dasgupta

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Yes, it is essential for the government to regulate the fee structure in education and health care institutions in India. Human capital is formed with the help of education and health.
Private institutions provide education and health care facilities in India. The main motive of these institutions is profit maximisation. The cost of education and health care facilities provided by private institutions is relatively higher.
Poor people cannot afford the health and education facilities provided by these private institutions because of their higher costs. So, the government needs to regulate the fee structure so that the poor can afford education and health care facilities. Thus, the government needs to regulate the fee structure in education and health care institutions for enhancing human capital formation.

milan-ransingh

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