economics of education meaning nature and scope introduction economics of education is relatively a new eld of academic discipline the importance of systematic study of economic aspects of education were ...
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...Economics of education meaning nature and scope introduction is relatively a new eld academic discipline the importance systematic study economic aspects were realized in mid twentieth century so history not very old subject matters are concerned with both economists educationists different also differing from country to based on their system growth development for example developed invests more comparing less relationship between educational countries always seen positive dynamic specialized separate branch which attempts establish cause effect it that applies principles theories paradoxes uses concepts explain issues according babalola studies human behaviour terms decisions actions reactions about schooling analyses how individual learner takes his decision investment expenditure particular level similar way government has take three central problems arise because scarcity resources these what type needs its capital formation produce opportunities social set up providing whom facili...