Costs & Pricing
This term describes the monthly or annual amount parents pay for daycare services.
What is tuition or daycare fees?
This role is critical in daycare, typically including child supervision, learning activities, and basic care tasks.
What is a daycare worker or caregiver?
The need for childcare services in a given area is often measured by the level of this.
What is demand?
This type of government assistance helps parents cover the cost of daycare.
What is a childcare subsidy? or childcare assistance programs
Access to affordable daycare allows parents to participate in this, contributing to economic growth.
What is the workforce?
Daycares face this type of cost, such as rent, which does not change regardless of the number of children enrolled.
What is a fixed cost?
The ratio of caregivers to children, often regulated by the government, is called this.
What is the staff-to-child ratio?
If there are many parents looking for daycare services but few providers, the market is experiencing this.
What is shortage?
Government-regulated programs that provide free or low-cost early education, like Head Start, are examples of this.
What are public daycare programs?
Daycare centers help promote this, especially among women, by allowing them to continue working after having children.
What is the workforce participation?
Costs that vary depending on the number of children in care, like food and supplies, are called these.
What are variable costs?
The cost associated with hiring and paying staff members in a daycare is categorized as this.
What is labor Cost?
The relationship between the price of daycare and the number of parents willing to pay for it is represented by this curve.
What is the demand curve?
The cost to the government of supporting daycare centers through subsidies or grants is often part of this budget category.
What is social welfare or public spending?
Studies have shown that children who attend high-quality daycare often experience better outcomes in this area.
What is education or early childhood development?
This metric represents the average cost per child, calculated by dividing total costs by the number of children enrolled.
What is cost per child?
High staff turnover in daycare settings often results from low wages and high levels of this.
What is job burnout or stress?
Daycare prices are likely to increase in areas where demand exceeds the available spots, demonstrating this economic principle.
What is the law of supply and demand?
Standards set by the government that dictate qualifications for daycare staff or facility safety are called these.
What are regulations?
The impact of daycare on household spending, disposable income, and employment is an example of this type of economic effect.
What is an economic ripple effect?
The concept that costs per child decrease as the number of children increases is an example of this economic principle.
What is economy of scale?
The total economic output or service provided by daycare staff members can be measured as this.
What is labor productivity?
The number of daycare providers in a particular area is known as this.
A recent policy proposal aimed at providing universal preschool for all children falls under this type of government intervention?
What is universal childcare policy?
When governments invest in daycare, the resulting economic benefits, like increased employment, are an example of this economic concept.
What is a positive externality?