In your view, is it essential for the government to regulate the fee structure in education and health care institutions? If so, why? | Learn NCERT solution | Education portal Class 11 Indian Economic Development | Study online Unit-5 Human Capital Formation In India



Q.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



Yes, the government must regulate the fee structure in education and health care institutions. Education and health sectors are the two major sources for the formation of good quality human capital. The economic growth of a country depends on human capital formation. There is a great contribution of private institutions in educational and health care facilities. Also, the fees of both are very high in private made institutions as these are guided by profit motive. Therefore, intervention in health and education sector to regulate the fees structure is must in order to enhance the quality of human capital.