According to the article education has characteristics of being comsumption good and investment good. The author said, as a result of his obtaining a college degree he received a lot of benefit throughout his life, the higher education is an investment with a great rate of return for his.
In my opinion I pretty agree with his. Actually I buy a consumption good in daily life and I also spend a lot of money for that such as foods, stationary and transportion fee. And about an investment good I know it will have a useful for long-term. For me investment good include a knowledge, memories. In higher education I will meet many kind of people who are different style and ideas I think I must get a new experience form them acxely. I think it not make sense if we only pay for education but do not get anything.
I make sure that the higher education will increase the utility to me and also make my lifetime wonderful in someway. Finally, if we learn more and match up in each situation it is a successful of the great return and have a value.
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