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A merit good can be defined as a good which would be under-consumed (and under-produced) by a free market economy, due to two main reasons: When consumed, a merit good creates positive externalities (an externality being a third party/spill-over effect of the consumption or production of the good/service). This means that there is a divergence ...
Meritocracy (merit, from Latin mereō, and -cracy, from Ancient Greek κράτος kratos 'strength, power') is the notion of a political system in which economic goods or political power are vested in individual people based on ability and talent, rather than wealth or social class. [1]
Some education theorists concentrate on a single overarching purpose of education, viewing more specific aims as means to this end. [154] At a personal level, this purpose is often equated with assisting the student in leading a good life. [155] Societally, education aims to cultivate individuals into productive members of society. [156]
The right to education has been recognized as a human right in a number of international conventions, including the International Covenant on Economic, Social and Cultural Rights which recognizes a right to free, primary education for all, an obligation to develop secondary education accessible to all with the progressive introduction of free secondary education, as well as an obligation to ...
Sep. 5—GOSHEN — Changes may be coming to Merit Learning Center — specifically the name. Now housed in the Chandler Career and Technical Education Center alongside the trades programs of the ...
These goals are sometimes divided into epistemic goods, like knowledge and understanding, skills, like rationality and critical thinking, and character traits, like kindness and honesty. Some theorists define education in relation to an overarching purpose, like socialization or helping the learner lead a good life. The more specific aims can ...
Abbott dismissed the allegations as "without merit." "Abbott's representations of its toddler nutrition products are accurate, and our claims are well-supported," the company said in a statement ...
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis. What: Shares ...