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Describe Some of the External Benefits Associated with Education

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Essay

Describe some of the external benefits associated with education. What can government do to encourage production of the efficient amount of education?


Definitions:

Being Co-opted

This process involves incorporating individuals or elements from outside groups into a project or organization with the intent of minimizing opposition or gaining external support.

Matrix Boss

A manager in a matrix organization who shares responsibility for overseeing the work of an employee with another manager.

Strategic Planning

A systematic process of envisioning a desired future, and translating this vision into broadly defined goals or objectives and a sequence of steps to achieve them.

Labor Surplus

A situation where the supply of labor exceeds the demand for it, often leading to unemployment or underemployment.

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