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Another prominent proponent of the voucher system was Apple co-founder and CEO, Steve Jobs, who said: [105] The problem is bureaucracy. I'm one of these people who believes the best thing we could ever do is go to the full voucher system. I have a 17-year-old daughter who went to a private school for a few years before high school.
Once a purchase is made, the labour vouchers are either destroyed or must be re-earned through labour. With such a system in place, monetary theft would become impossible. [citation needed] Such a system is proposed by many as a replacement for traditional money while retaining a system of remuneration for work done.
Education economics or the economics of education is the study of economic issues relating to education, including the demand for education, the financing and provision of education, and the comparative efficiency of various educational programs and policies. From early works on the relationship between schooling and labor market outcomes for ...
Vouchers offer less freedom of choice than pure money but their efficiency is linked to the fact that the demand is "channelled", i.e. that it is oriented towards certain types of services or activities; moreover there is an efficiency for public finances as if not used, the voucher does not represent a cost for authorities.
Here the government seeks to solve market and government externalities with market-based solutions rather than through direct administrative means. Supporters argue that the market externality of pollution can be addressed through the sale of pollution permits to companies and corporations, thus allowing the market to "see" the information and "realize" the harm done by allowing the market to ...
Utah legislators are considering a school voucher system. ... 80% of the applicants were not in public school, meaning these students were already attending private schools, ...
A private school voucher system would include a way for the Legislature to appropriate education funds to a program in which parents could access money to send their children to a private school.
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...