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List the advantages of applying Cost benefit analysis approach in education.

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i)Provides a convincing ground why beneficiaries of education system should keep on financing education
ii)It favors the allocation of resources to a level of education with highest return
iii)May suggest ways of increasing profitability of education .
iv)Provides a conceptual framework for examining the cost in relation to relative earnings of labor
v)Provides information about economic consequences of alternative educational policies.
vi)Provides a planner with vital information about the links between education and labor market
vii)It is possible to measure or quantify the increase in productivity of an educated customer
viii)Show the direction in which the education system is expanding so as to maximize the earning capacity of the products

sharon kalunda answered the question on March 7, 2019 at 11:36

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List the advantages of applying Cost benefit analysis approach in education.

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