Tax incentives to improve education

CFA Level II
#1

The section “Achieving faster growth” is common sense, except for this part:

“Education can also be stimulated and improved by using tax incentives to encourage improved private provision. (Level II 2012 Volume 1 Ethical and Professional Standards, Quantitative Methods, and Economics, 6th Edition. Pearson Learning Solutions p. 531).”

Does anyone know what the book means by “private provision”?

Thanks!

#2

Private universities. For instance, giving tax free status to non-profit private universities, or tax cuts for for-profit universities.

#3

That clarified it. Thanks.