Market-Based Education Reforms

Market-based education reforms apply principles from economics to improve schools. They introduce competition, choice, and accountability by allowing families to select schools, including private or charter options, and by providing funding that follows the student. The goal is to incentivize schools to improve quality and efficiency, similar to how businesses compete in a marketplace. Supporters believe this increases innovation and raises standards, while critics argue it can reduce equity and undermine public education. Overall, these reforms aim to create a more dynamic and student-centered education system through marketplace mechanisms.