Educationas a Public Good
Thesegoods are always available without competition between to theconsumers. The factor of insatiability is overcome in the productionof such property by ensuring that one customer does not make itunavailable on the market. This has made its availability the biggerpart, and its provision is to the public or state umbrella. Thenations use its revenues to ensure its citizens receive these publicgoods in the most satisfying manner. Exploitation of such rights doesnot prevent many other consumers from its usage at the same time, andits does not become scarce[ CITATION Puc16 l 1033 ].
Suchgoods that are unrestricted to utilization include public educationinfrastructure and national security for any citizens within theirstate. These products have directly affected the society in one wayor another. Internally, education is available to all population ofany country. Its obtainability is not met by everyone within thecommunity due some several factors such as poverty and disabilitiessuch as mental retardation. This typically affects the literatestands of any nation and the amount of professionally produced tohandle duties within and outside the country. A good education systemwould build knowledgeable population to compete for externalpositions in the world organizations[ CITATION Dav13 l 1033 ].
Infrastructuraldevelopment consequently has impacted on the native inhabitants. Thishas facilitated a faster delivery of other services to the remoteareas within a country. Innovations and use of technologicaladvancement put developing nations in good positions to update theirsystems from analog to digitalization just as those developedcountries. National security guarantees a safe surrounding withinstates that supports substantial economic activities that in turnearn the country`s high revenues. This can be through the externalforeign exchange business from the tourism sectors of every countrywhich majorly relies on the national security of the countries beingvisited. Any unrest in the national security leads to border strictborder controls that may delay perishable goods due to check ups andtherefore, a drop in Gross Domestic Products (GDP)[ CITATION Mor09 l 1033 ].
Defensethreats from rival nations lead to an increased demand for moreforces to be set along the boundaries in 2003. This has asubstantial economic effect on the country because more human laborsupply and purchases of more weapons need more funds to be providedby the federal government. This expenditure affects the state`s GDP.Similarly, the lack of security creates a political unrest situationin any country with much focus directed towards security while otherimportant issues come to a stop for a while[ CITATION Mor09 l 1033 ].
Accordingto Arrow, he explicitly says that changing the people`s majordecisions based on preferences to suit any dictated measure is tough.An example is that if most citizens to not require muchinfrastructural development at a particular time, it `s hard tocontinue offering infrastructure but instead turn to the preferredchoice. This theorem fights against dictatorship. It argues thatpublic demands must always coincide with federal government`sprovisions[ CITATION Dav13 l 1033 ].
Inthe case of a general election, which is a significant politicalactivity, the public`s preferred candidates should always fall undera specific differentiation equilibrium that would define the flow ofthe definite possibility. This may cause political unrests in termsor internal wars among the supporters that have always resulted inthe loss of human life. This, therefore, defines the reason for manyoverthrown governments regarding the leadership methods used. Manynations enjoy democratic direction and therefore, the dictatorshipwould see many citizens fight back because the equilibrium ofconsumption and delivery does not exist in such cases[ CITATION Dav13 l 1033 ].
Hyman, D. N. (2013). A Contemporary Application of Theory to Policy. North Carolina: Cengage South-Eastern.
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Kaplan, P. F. (2016). Competition and Strategy in high Eduction. Managing Complexity and Uncertainty in Business Horizons, volume 59.