Final answer:
The government sponsors education to foster both a knowledgeable society for democratic participation and a skilled workforce for economic growth. Education provides both private and social benefits, and governments might use policy tools like subsidies and voucher systems to support educational endeavors.
Step-by-step explanation:
The government sponsors education because educated citizens are crucial for a functioning democracy and a thriving economy. An educational system serves to create a knowledgeable society that can govern itself and contribute to community life. Moreover, it provides practical job training which is essential for the workforce. In this dual role, education cultivates responsible citizens and equips individuals with the skills necessary for employment.
Investment in education is an investment in human capital, leading to higher economic growth, increased productivity, and societal well-being. While there are debates over the efficacy of government spending on education, it is largely agreed that the collective benefits—such as a more engaged citizenry and a stronger workforce—justify this expenditure.
In consideration of the positive externalities of education, governments can implement policies similar to those used in technology spillovers, such as subsidies and voucher systems, to encourage and support educational attainment for the greater good.