In the US market, if a product or service is low quality, the price of it has to be low. That is how the market mechanism works. People around the world admire the US for the free market system. So, why college education is a exception ?What is wrong?
2007-02-08 18:50:27 · 5 answers · asked by Gone 4 in Education & Reference ➔ Higher Education (University +)
That's not how the market mechanism works. The cost of a product is dependent not on its quality, but on how much people are willing to pay for it. That is in fact how capitalism truly works. I don't know what kind of college education in the US you think is "low quality", but if it's expensive, that just means that enough people out there think it's good enough to spend lots of money on.
2007-02-08 18:56:26 · answer #1 · answered by rozinante 3 · 5⤊ 0⤋
You obviously don't understand the free market system. It's based on supply and demand, not quality. Quality is simply one factor that affects demand.
Take your average Gucci or Prada wallet. Very high end. Very expensive. Quality is actually pretty crappy. Your average wallet that's a tenth of the cost will have better quality. Yet, the high end wallet can demand that higher price because of other factors besides quality (like prestige, etc.).
Obviously, the Chinese educational system isn't doing a good job teaching free market economics. Maybe there are other subjects it's not so great at? Considering the Chinese gov't controls everything with a communist tinge (despite communist gov't's collapsing everywhere), maybe your Chinese education isn't as great as you may think?
This is aside from cost of living differences. That's a huge factor which explains price differences, but pointing it out should be enough to show there are other reasons why your argument fails pathetically.
2007-02-09 04:38:17 · answer #2 · answered by Linkin 7 · 1⤊ 1⤋
I don't know what you mean by a low quality education, but most schools of low quality do not charge as high of tuition rates as top tier schools so your observations here are fault at best - totally wrong at worst. Maybe it would help if you sited some examples.
Good Luck!!!
2007-02-08 19:02:23 · answer #3 · answered by Anonymous · 0⤊ 0⤋
in case you hear to the .border. Spanish language declares, you hear them tell the unlawful extraterrestrial beings that the Feds choose to do this... however the racists supply up it. extraordinary huh. invoice Moyer of PBS actively helps the thought unlawful extraterrestrial beings could get carry of that loose training sos they could grow to be good voters. PBS is meant to represent the individuals of this united states of america and Moyer represents the Mexican government. He could be fired and PBS could be made to cutting-edge each and all the factors of argument... no longer purely the l. a. Raza area. PBS is on its fourteenth fund elevating force too and it rather is the final one in each and every of iciness. they choose to establish for the 18 fund elevating efforts for Spring. do no longer supply them a dime till they do cutting-edge the professional regulation enforcement area of this situation. finally.. whilst some say that they had no selection, the ..mum and dad.. did have a decision. And so.. the mum and dad could be require to grant the money for the infants of the unlawful extraterrestrial beings to bypass to college on the fee of the Mexican human beings as a exchange of the yank Tax Payers. yet after all, no longer on the yank Tax Payers dime.
2016-11-02 23:17:23 · answer #4 · answered by ? 4 · 0⤊ 0⤋
If that was an attempt to insult the American education system, it was pathetic. Go ahead, hate Americans. We'll be crying all the way to the bank.
2007-02-08 19:06:50 · answer #5 · answered by ZenPenguin 7 · 1⤊ 2⤋