11th Class Economics Human Capital Formation In India

  • question_answer 20)
    In your view, is it essential for the government to regulate the fee structure in education and health care institutions? If so, why?

    Answer:

    Education and health are two basic requirements of human beings so that they may be able to live a life of dignity. It is the responsibility of government to ensure education and health facilities to even the poorest of the poor. For this purpose either the government should itself provide those services through government schools, colleges and hospitals or encourage private sector participation in these sectors. As India has a vast population which still lacks health care and education, it does not seem feasible fur government alone to fulfill the requirement in these sectors due to lack of resources. Hence, private sector is allowed to operate in these sectors. But private sector works with profit as the primary motive and if government does not regulate the fee structure in education and health care institutions, the fee may become too high to be in affordable limits of common people, this will defeat the purpose of these facilities all together and hence government must intervene and regulate the foe structure of even the private institutes In education and health care sectors.


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