The competitive education industry concept and why it deserves more scrutiny
The current educational system has been greatly affected by politics in the process of creation of an effective competitive education industry
The existing school systems can be viewed as the present competitive market where tools such as profit and loss, contract enforcement and choice of competitive alternatives determine the production of goods. Similarly, <a href="http://www.assignmentninja.co.uk/">Assignment Ninja</a> the education system will be governing rules for entry and exit to schools as well as the determination of new schooling options to exist in the coming future. The government has pumped millions of dollars to implement changes in the schooling system but to no avail due to political interference.
The achievement of a competitive educational industry can be made through implementation of various key elements as listed below;
Minimize regulation of private schools
The promotion of efficient disbursement by the government of the revenues acquired from the tax will discourage private schooling startup. To maintain this criterion, the government has to ensure proper payment policies that are eligible for the public schools’ development. The eligibility of receiving tax revenues should be implemented on law-abiding public schools by following rules that are anti-discriminatory. The state, for it to ensure the protection of public schools then, it should be directly involved in the management of these schools, this is the first step towards attaining a competitive education industry. The management of government-owned schools will reduce high costs associated with demands from large family groups.
Reducing bias to entry
For the achievement of a competitive education industry, the government needs to implement the increase in freedom to entry into schools to maximize improvement rate. Freedom of entry is more effective in situations where the population is sparsely dispersed in the management of numerous schools. There should exist equal terms for entry into the school system, that is the government treats each concept identically thus increasing the ability of market entry aspects into the education industry. This later will develop to be a critical ingredient towards developing a competitive education industry.
Opportunities for specialization
Specialization is important in reducing private schools regulation because it enables the government to prevent fraud in the formulation of rules that are accurate for timely distribution of payments from the government. Specialization opportunity ensures that the producer obtains comparative advantage as well as the ability for innovation, experimenting, and adjustments to changes in costs. The implementation of specialization in school will lead to stratification in schools reducing, therefore, the existing differences among schools will eventually increase. Therefore similar families with the same financial background will experience the modified programs different from their fairly financially stable families.
Reducing informal barriers to entry
Informal barriers hinder school operators from the expansion of the current schools and opening new schools. The existing school policies that prevent the entry of new private schools is destructive because it also limits the school's activities. The discrimination of private schools will deter the emergence of new private schools and this discrimination is brought up by government revenue support to schooling children in public schools. This means less survival of private schools if they are to be compared on per student budget which will be higher in private schools in maintaining their competitive form in the market. Prevent discrimination in funding
This refers to reducing bias in allocation of indifferent amounts of tax revenues for both private and public child support. This allocation should not be concerned about family incomes in supporting the child’s education. This can be achieved when parental choices are made in totally supporting tax revenue allocation to schools both public and private. This will result in freedom of entry and less financial costs for entities that need to exit the system. Reducing uncertainty in the scope of the market
The demand for certainty aspect in the market is high for entrepreneurs.
The uncertainty of sources such as political support, financial support and key programs which have the ability to withstand legal challenges develops a key barrier to entry. This uncertainty in business reduces the time for investment payback periods making financial supporters less tolerant with their investments. This will pose an increased risk for financial investments thus low entry, for example, an entrepreneur might prefer renting space instead of building schools because of the high risk of potential loss.
Prevent price controls
Price controls are a regulations enacted by law whereby a large percentage of kindergarten children in public schools do not pay tuition fees. This is a price control model that enables high enrollment of students from low-income families thus ensuring the development of competitive education industry. Price controls are only affected by political ideals. This policy is easy to implement because parental choice programs have ensured that schools fully oblige to government funding.
Why the competitive education industry deserves scrutiny
The current competitive education industry has generated dissatisfaction because it is highly determined by political strings which are deeply attached to the industry. There has been growing concerns about finding alternatives because market accountability reduces as each political ideal in power will like to implement their own objectives.
The education system requires a reduction in barriers to entry to ensure that competitive education industry develops in a manner that the market forces will transform the school system
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