Effects of Subsidy on Childcare Service Theory 2022
Added on 2022-09-30
9 Pages1750 Words20 Views
Running head: EFFECTS OF SUBSIDY ON CHILDCARE SERVICE
EFFECTS OF SUBSIDY ON CHILDCARE SERVICE
Name of the Student
Name of the University
Author Note
EFFECTS OF SUBSIDY ON CHILDCARE SERVICE
Name of the Student
Name of the University
Author Note
EFFECTS OF SUBSIDY ON CHILDCARE SERVICE1
Table of Contents
Response to 1:............................................................................................................................2
Response to 2:............................................................................................................................2
Response to 3:............................................................................................................................2
Response to 4:............................................................................................................................3
Response to 5:............................................................................................................................4
Response to 6:............................................................................................................................4
Response to 7:............................................................................................................................4
Response to 8:............................................................................................................................5
Response to 9:............................................................................................................................5
Response to 10:..........................................................................................................................6
Response to 11:..........................................................................................................................6
References..................................................................................................................................7
Table of Contents
Response to 1:............................................................................................................................2
Response to 2:............................................................................................................................2
Response to 3:............................................................................................................................2
Response to 4:............................................................................................................................3
Response to 5:............................................................................................................................4
Response to 6:............................................................................................................................4
Response to 7:............................................................................................................................4
Response to 8:............................................................................................................................5
Response to 9:............................................................................................................................5
Response to 10:..........................................................................................................................6
Response to 11:..........................................................................................................................6
References..................................................................................................................................7
EFFECTS OF SUBSIDY ON CHILDCARE SERVICE2
Response to 1:
Childcare services are a growing need for working families. These services assure
women the safety of their children and work. This ensures parents with the building of the
motor skills of their child. As a result, parents can work without worrying about their
children. Thus, working parents are the purchasers of this service.
Demand for Childcare or day-care services in Australia is price elastic. This is because there
is a large number of childcare services available for the parents (Van Robays 2016). If one or
more of the childcare service provider increases their price, the demand change will be
greater. This can be viewed from a large number of service providers present in the market.
Response to 2:
There are several Childcare providers in Australia. Anyone who has a minimum
education qualification of high school or post-secondary degree along with a degree in early
childhood education is eligible to become a childcare service provider. Moreover, work
experience with certain skills is also mandatory. Apart from all these, they should hold a
license from the government of Australia (Ibisworld.com.au. 2019). These mainly consist of
institutions, schools, family-owned or home-based centers and Daycare centers.
The supply of Daycare or Childcare services is elastic in nature. There is a greater
change in the supply of services compared to a smaller change in the price of the services.
This is because there are a large number of service providers present in the market. This
makes the service an elastic one.
Response to 3:
To maintain a healthy work-life among females, childcare services needs to be
subsidized because of the constant increase in prices by the providers. These prices are set
above the fee cap mentioned by the government. This increase in prices is harming the budget
Response to 1:
Childcare services are a growing need for working families. These services assure
women the safety of their children and work. This ensures parents with the building of the
motor skills of their child. As a result, parents can work without worrying about their
children. Thus, working parents are the purchasers of this service.
Demand for Childcare or day-care services in Australia is price elastic. This is because there
is a large number of childcare services available for the parents (Van Robays 2016). If one or
more of the childcare service provider increases their price, the demand change will be
greater. This can be viewed from a large number of service providers present in the market.
Response to 2:
There are several Childcare providers in Australia. Anyone who has a minimum
education qualification of high school or post-secondary degree along with a degree in early
childhood education is eligible to become a childcare service provider. Moreover, work
experience with certain skills is also mandatory. Apart from all these, they should hold a
license from the government of Australia (Ibisworld.com.au. 2019). These mainly consist of
institutions, schools, family-owned or home-based centers and Daycare centers.
The supply of Daycare or Childcare services is elastic in nature. There is a greater
change in the supply of services compared to a smaller change in the price of the services.
This is because there are a large number of service providers present in the market. This
makes the service an elastic one.
Response to 3:
To maintain a healthy work-life among females, childcare services needs to be
subsidized because of the constant increase in prices by the providers. These prices are set
above the fee cap mentioned by the government. This increase in prices is harming the budget
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