In conclusion, hagwons definitely have an impact on our society today. They have g…
In conclusion, hagwons definitely have an impact on our society today. They have good and bad effects, such as having positive externality of leading Korea to be more efficient and productive while also having a negative externality of causing students to not concentrate in school and thus, making schools to lose its main purpose - teaching students thoroughly and effectively. Even in the future, hagwons will definitely exist in Korea as major institutions that perhaps, help but at the same time hurt the nation's economy and overall advancement of the country.
Positive externality is about affecting positively on bystanders. In this…
Positive externality is about affecting positively on bystanders. In this case, the establishment of hagwons perhaps do help students to improve in their skills and knowledge. Thus, because of this, other students who do not go to hagwons may feel the "competition" and as a result, work harder than before, which is a form of positive externality. Also, because going to hakwons allow the students to become better thinkers and smarter in a way, this allows Korea's technology advancement to grow. This increase in technology would increase the productivity and thus lead to better economic and social conditions within the country, which is also a form of positive externality. ConclusionIn conclusion,