Parents against High Fees of Schools
Many parents in different states of India, including the state of Gujarat which is my home state, are right now agitating against private schools (sic) for higher fees (see here , here and here ). Troubled about the rising cost of their children’s schooling many of these parents are asking the government to control the fees of these schools. The question here is: is this the right way of achieving their goals of lower fees school education? Let us see. Why School Fees are High? A basic understanding of the demand and supply analysis will throw light on this question. Education is a scarce economic good just like any other such good like apple or orange that is trading in the market, and consequently its price (fees) is also determined by its demand and supply forces just like prices of apple and orange. In the education market parents and children are the consumers who are demanding education services and schools are the suppliers of those services. The price of education w...