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Explain the concepts of Scarcity, choice and opportunity cost as used in education? Why economists are interested in education

      

Explain the concepts of Scarcity, choice and opportunity cost as used in education? Why
economists are interested in education

  

Answers


sharon
i) That education has got private and social benefits to a society which should be measured.
ii) That education has gotten monetary and non-monetary returns which economists want to
evaluate
iii) Education makes workers more productive, it gives them skills and knowledge, makes
them efficient. Employers' value educated workers.
iv) Education makes us cooperate and respect others
sharon kalunda answered the question on April 8, 2019 at 11:18


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