ABSTRACT
Education, in common with all other activities which use scarce resources, must be analysed and placed in the overall perspective of a community's limited resources on one hand, and its diversity of aspirations on the other. There are two aspects arising from the discussion on the application of economic concepts to education which are worthy of brief comment by way of conclusion. The first of these is the necessity of integrating the various strands of the analysis when dealing with an actual situation, the second is the relevance of an economic approach to actual educational questions. On the demand side little is known about the factors which influence the amounts and types of education sought by people. If, however, it is decided that it is preferable for people to earn these higher incomes for themselves, then the educational programme may have been selected as the best means of achieving this goal of higher earned income.
