Describe your reasoning from an economic point of view


Problem

Education can usually be classified into primary education, secondary education (high school), and tertiary education (undergraduate and postgraduate). Are you in agreement with the statement: "A government should subsidize the provision of education to its citizens and make primary and secondary education compulsory."? Describe your reasoning from an economic point of view on the above statement. *Note that the above statement mentions two issues: (a) Government should subsidize the provision of education to its citizens and (b) make primary and secondary education compulsory. Your answers should target both.

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Microeconomics: Describe your reasoning from an economic point of view
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