Explain why education is a consumption good
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Hlo....
@ Education is good consumption good because....
** In present we r gaining education as it serves our direct satisfaction to help us to live a valuable life....
** In future also it will enhance us to generate our income ....So it is long durable consumption good...
@ Education is good consumption good because....
** In present we r gaining education as it serves our direct satisfaction to help us to live a valuable life....
** In future also it will enhance us to generate our income ....So it is long durable consumption good...
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Education can be defined as the learning of skills and knowledge, and the socialization into values, norms, and social behavior based on teaching and training. ... With regard toconsumption, education is important in two respects.
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