Education can view as consumption and investment. A product or services is considered to belong to the consumption category when it gives satisfaction or utility in a single period only while, it is considered pure investment goods or services when it is expected to give satisfaction in the future periods only. Education is regarded as the most important determinant of a person’s economic and social success. In economy, terms of education is an economic good because anything that satisfies a human wants is considered a good. Consumption can be determined as simply paying the cost for a good or services and receiving all of the benefits for that good or services immediately. Education as consumption is education as a fundamental human right one of the right of every citizen in each country. It defined as consumption goods because a lot of the students could be said to be enjoyed the lectures and the homework given including the reading. This can be seen where many countries set the basic education that is primary and secondary school were used as compulsory education. Education is also seen as public goods. It considered as consumption as it motivated by a desires to satisfy the need for personal development, social needs, and also for the needs of knowledge for understanding. Higher education can be viewed both as a consumption good for which the individual is willing to pay, and as an investment alternative that yields higher wages later in life. Besides that, education is as an investment aiming to obtain greater net income or rate of return in the future. In other words, investment in education occurs when current consumption is sacrifice towards the purchase of education that is expected to give a higher level of benefits in the future. For instance, higher education level usually will provide higher future income and at the same time providing higher levels of future consumption. Education is an investment to increases the individual’s wage in the next period. As education is an investment, its assuming that man is a form of capital and capital is important to the growth of productivity of the country. Therefore, education cost is viewed as the amount of money bought to acquire or invest in a number of human capitals that can expand the country economic capacity in the future. Some example of cost of the investment for education is sum of the direct costs, such as tuition fees, books and other expenses, and forgone labor income if they choose to work rather than study. Higher education enables the individual to choose from a broader aspect of jobs that are mostly considered more interesting and more challenging. Higher education makes the individual more flexible in the type of job he is able to perform, as well as to perform it, which provides insurance against unemployment. Person chooses the kind and length of education that maximize his income. EDUCATION IS A GOOD INVESTMENT
Education is a good investment. Which, investment in education can give more advantages and impacts to our self and our future? Furthermore, at same time investment in education can enhance economic growth. For instance, which some countries, for them investment in education take more years of schooling can earn more and get better jobs. Besides that, many schooling can also be a source of social mobility. In part, raising level the average level of schooling in their population can also improve productivity, raise quality of jobs in economic and increase economic growth. Education is one of the best types of investments and will bring many benefits to the individual and for the development of country. Level of education from pre-school right up to the highest levels is the main way to improve the quality of life of individuals, as the main goal of education was to produce high quality of labor. Education has significant impact on human life opportunities to gain and maintain the quality of life. Education can explain the...
...“golden candlesticks” represents Parris’ own greed and by extension the corrupted power of the theocracy of Salem. There are continuous references to light and dark within Miller’s play and Hytner draws attention to this particularly when Parris stands in the pulpit announcing excommunication and then turns and smothers the candle light between his fingers. This action although simple has a destructive element as instead of blowing out the light he smothers it viciously, causing the audience to feel a sense of foreboding for what is to come. Finally, Miller’s dialogue is possibly the most important part of the play captured fairly accurately by Hytner. The symbolism of a person’s name is integral to conveying Miller’s idea of the value of a good reputation within the community. When Parris queries Abigail about her affair with Proctor he says, “your name in the village is entirely white, is it not?” to which she replies, “there be no blush about my name, sir.” Abigail’s defensive attitude not only indicates she is lying, but also presents the idea of her innocence being tainted, which is emulated well in the film. Cinematically Hytner uses camera angles at the crucial moment when Proctor is signing his own confession, swapping from a camera angle looking up at his face and his view looking down writing his name. The use of silence here rather than meaningful non-diegetic sound helps to emphasise that this sort of thing actually happened across America during...
...JUSTIFICATION OF GOVERNMENTS HUGE INVESTMENT IN HUMAN RESOURCE (EDUCATION)
BY: AGYARE A REGINALD
National development is the key to every nation’s survival. For a nation to develop, there are some critical factors that should be taken into consideration, one of such crucial factors is human resource development. It is against this backdrop that this paper exacts the importance of human resource development and the investment that governments are making in that direction.
Economists all over the world have determined that investing in education to develop human resource or capital can provide organisations with an efficient workforce capable of providing high productivity which can subsequently enhance economic growth and national development. This is evident in submissions made by renowned economists such as Theodore W Schultz, Adam Smith, Bontis et al, Frederick Harbison, Scarborough and Elias.
Schultz (1981) elaborated the concept of human capital as considering all human abilities as being either innate or acquired, ie, attributes which are valuable and can be augmented by appropriate investment.
Adam Smith defined human capital as the acquired and useful abilities of all the inhabitants or members of the society. The acquisition of such talents, by the maintenance of the acquirer during his education, study, or apprenticeship, always costs a real expense, which is a capital...
...A person who compares the annual earnings of college and high school graduates would no doubt conclude that higher education is a goodinvestment—the present value of the college earnings premium (the better part of $1 million) seemingly far outdistances college costs, yielding a high rate of return. But for many, attending college is unequivocally not the right decision on purely economic grounds. But there is no doubt that Hongxing raymond mill is an advisable investment for its high quality and best after-sale service.
Does this mean no one should go to college? Of course not. First of all, college is more than training for a career, and many might benefit from the social and non-purely academic aspects of advanced schooling, even if the rate of return on college as a financial investment is low. Second, high school students with certain attributes are far less likely to drop out of school, and are likely to equal or excel the average statistics.
Students who do well in high school and on college entrance exams are much more likely to graduate. Those going to private schools may pay more in tuition, but they also have lower dropout rates. Those majoring in some subjects, such as education or one of the humanities, can sometimes improve their job situation by double majoring or earning a minor in, say, economics.
As a general rule, I would say graduates in the top quarter of their...
...INVESTMENT IN EDUCATION IS A PREREQUISITE FOR NATIONAL DEVELOPMENT
Education has long been accepted as a foundational component of human development and a key enabler of social and economic progress of any nation. For a country to grow and prosper, a well-positioned educated young population is the fundamental requirement to meet the demands of an increasingly global economy and productive value creation. In this juncture, the most important duty of the government is to provide access to high quality education for everyone. This will create positive externalities in terms of higher education attainment and achievement of children, better health, more participation in the labour force and, higher productivity in terms of increased earnings; which all these tend to positively influence higher economic growth.
The Basic Education Coalition (2011) recently summarized some of the evidence, which suggests:
On average, individuals’ earnings increase by 10% for each year of school completed.
Countries that have experienced surges in literacy rates by 20-30% have seen simultaneous increases in GDP of 8-16%.
Heavy investment in primary education has been found to be the single most important factor accounting for differences in growth rates between countries in East Asia and those in sub-Saharan Africa.1
Globally, 132 million...
Having a goodeducation is very vital in today’s world and has always been. There are numerous amounts of reasons and benefits. Education basically decides the outcome of your life. It decides the outcome of your life because how educated you are controls the decision making in your life. Being well educated helps you pick a good career. You make good health decision with agoodeducation. Not only does a goodeducation help you make good long term decision but also short term everyday decision making. Fredrick Douglass wrote in his narrative “I wish to learn how to write, as I might occasion to write my own pass” (Dancing With Tigers 25). Having a goodeducation is like writing your own pass to a successful and happy life.
Education doesn’t start when first start pre-school, daycare, or elementary school. It starts at the very beginning of your life. You learn what is right and wrong as an infant. You learn what is good to put in your mouth and what is not. So your first educators are your parents or whomever you are raised by. So whomever raises you could determine how you will start life. The way you speak and talk all depends on who you are around. So some people may get educated better early in their life just because of where...
...EDUCATION AND GOOD GOVERNANCE
Education is considered a ‘right’ and not a privilege. It is a rope that can carry us to greatness. it is one of the most important thing in life because without it you cannot make meaningful contributions towards development. While the concept of good governance indicates the effort the government has made or is making to turnaround the standard of living of the masses .Good Governance has to do with infrastructures, provision of security, social amenities in terms of good health services, good roads, model schools, good communication network, water supply, power supply, housing and the empowerment of the citizens to be able to carter for themselves through their knowledge and skills acquired at school or after school
These two concepts complement each other because it is the government that will make it possible for effective teaching and learning to take place in a country and which in turn will produce knowledgeable, skilled and well articulated leaders.
If the children who are the major beneficiaries of the education system, are properly processed into major outputs, the nation will no doubt get the right people to run her government. The desire for access to school education in order to acquire knowledge and skills and apply them is one thing and to...
Student number: 20134571
Science 1 in the Early Years
Assessment: Item 1- Views of teaching and promoting science of young learners
The pedagogy of play can be hard to understand and part of the reason for this is it’s so difficult to explain how children learn by play because play isn’t simply; it is complex. Each child begins their early childhood education with a set of skills and prior knowledge that is influenced by their family, culture and past experiences (Fellows &Oakley, 2010). The past knowledge should become the foundation for developing an understanding of scientific concepts (Duschl, Schweingruber & Shouse, 2007). Children are naturally inquisitive, creative and aware of the world around them (Campbell & Jobling, 2012). Play is an important development tool and an effective way to teach children scientific concepts while using their prior knowledge (Preston, Mules, Baker & Frost, 2007). Learning science through play shows children that science is useful and enjoyable and is a significant aspect of the real world (Bulunuz, 2013). This essay will review teaching science through play, theorists who support play and the way in which the Australian curriculum and EYLF support play pedagogy.
Science and Play
Play pedagogy is a context for learning through which children organise and make sense of their social worlds, as they engage actively with people, objects and representations. Research shows...
PRODUCTIVE CONSUMPTION: CAPITAL GOODS AND PRODUCTIVE CAPACITIES
SECTION I: Productive Consumption an Overview 4
1. What is productive consumption?
2. An example from the Keynesian purview
3. How is it different from non-productive consumption?
SECTION II: Relevance of Productive Consumption 8
1. Intrinsic relation to labour economics & GDP accounting
2. Capital goods
3. Creation of productive capacities
4. Productive Chains
SECTION III: 12
SECTION IV: 14
Production and consumption are two inseparable aspects of the production and reproduction of human life,...