Arab Educational Information Network

The current study aimed to identify the concept of economic feasibility, its importance, its elements, and its relationship with education, and to identify how to analyze the cost and benefit of investing in the field of education and to employ the cost and benefit relationship to enhance the quality of education in the Kingdom of Saudi Arabia. The descriptive analysis approach was used to achieve the research objectives. The results indicated that the elements of the economic feasibility of education included marketing study which was represented in " external efficiency study of education", productive or technical study which was represented in " internal efficiency study of education", and the economic and financial study which can be achieved by comparing the financial values and other quantity outcomes of the marketing study, labor market, or external efficiency of education to the quantity outcomes of the productive study, or internal efficiency of educational system. The cost and benefit correlation was employed to enhance the quality of education in the Kingdom of Saudi Arabia through the study paradigm. The study concluded with a number of recommendations. (Published Abstract)