Determinants of Private Demand for Education
Rates of return on investment in education is only one of the factors determining the demand for private investment though it is the most significant one. Some of the other factors may be identified as:
- Gender
- Region
- Expected benefits in terms of employment prospects
- Unemployment rates
- Waiting time for employment
- Ability to pay
We may now briefly know how each of these factors influences the private demand for education.