According to the Merriam-Webster dictionary, a commodity is defined as something that is bought and sold. There are many obvious examples of commodities in our world today. Silver, gold, wheat, oil, apples and beef are bought and sold everyday in the American markets. A price or value is placed on a commodity based on factors of supply and demand for the buyer intended purchase. Although prices may vary slightly due to such things as state taxes or shipping costs, it is understood that in a the marketplace a commodity has a determined value no matter where or how it is purchased.
There are typically few differences between the commodities. Whether you buy an apple in Pittsburgh or Tuscaloosa, you are buying the apple expecting the
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Every college is different and unique. There are large universities with tens of thousands of students and there are small colleges with only hundreds of students. Every college curriculum is different. They may offer the same core courses such as English or Math, but the vast majority of courses differ significantly from college to college. These courses can range from fine arts to pre med with hundreds of classes in between. Every campus is different. Large universities are big enough to warrant their own zip code with amenities such as stadiums, libraries, dining halls, and exercise facilities. While, on the other hand, small community colleges operate in one building with only classrooms and a cafeteria.
Another reason that colleges are not commodities is because of the cost of tuition. The “cost of the service”, varies from school to school. Tuition can range anywhere from $4,000 to $50,000 and all costs in between. Because of the differences in tuition, it is difficult to determine a common marketplace worth or value of a college degree. This is expressed in the article when he says, “First, most everyone now evaluates college in purely economic terms, thus reducing it to a commodity like a car or a house.” (The Washington Post) Is it more valuable to go to an expensive college because it costs more and therefore is “worth” more? Or should the value of a college degree be based on the starting salary of
Choosing a college means going to a new, unfamiliar world of immense possibilities. One of the hardest decisions a high school graduate face is the choice between attending a Community College or a University. Although Universities and Community College serve the same purpose, each has its differences and similarities in their learning such as the admission requirements, expenses, size, and student life. Community College are the most common type of two-year College that prepares you to continue your education, are often an affordable and convenient option. Universities you can earn Bachelor’s, Master’s and Doctoral degrees which is more expensive. At a University, you can
In regards to the article “Is College a Sucker Bet?” By Dave Maney mentions the sociological idea that the more expensive and well-known college that you go to, you would make more money on your salary the better off you’ll be in life. At the present time, it turns that the economic value of a college degree is diminishing because of the fact that the majority of employers look at the types of colleges and social media of the candidates.
Maney states that there are two sources of economic value college degrees have. One is how much the degree enabled you to contribute economically based on what you learned during the years you were acquiring it. The second source is the value of the degree itself. The
UCSC has what is called a “residential college system” made up of ten separate buildings. Each college is not only aimed at specific areas of study, but each also has its own residential housing units. Once a student chooses one of these smaller colleges, which is a decision based highly on their major, they then complete all of their courses there until they earn their bachelor 's degrees. Each separate small college also has its own clubs and holds its own activities and special events. However, separate colleges often collaborate with each other to host joint activities and even
A four year college and a community college have a multitude of things in common, as well as many things that differentiate them from each other. These aspects of the college can determine the desire or the disinterest you present for that specific college. For example, four year colleges and community colleges serve the same purpose, they are different when it comes to the learning environment, admissions requirements as well as the convenience that the school provides to you.
This article will give me great points for both sides of the value of a college
Community colleges and four-year colleges differ in several ways such as; class size, cost, and social climate. A vital component to community colleges is small class sizes an advantage of a low student-to-teacher ratio.
This creates a higher value of a college degree because like I said, most jobs require it. In his article, Chris mentioned that “the bottom quarter of earners with a college degree don’t make more money than the average high school graduate” (2). In other words, %25 of college grads make the same amount of money that a high school graduate. This can be because blue collar jobs are starting to pay more in hopes to win people into their business instead of them earning a college degree. Many people may believe this should be a reason not to attend college but instead they should take this percentile as an obstacle and push harder to be financially
Today, when someone graduates from high school, it is pretty much expected that they will go to college. In fact, there is more of an emphasis on college education in America today than any other time in history. However, it is also the most expensive time in history to attend college, and with student debt now approaching one trillion dollars and tuition continuing to rise, it leaves the question (Owen and Sawhill 212). What is college truly worth anyway?
Throughout the USA college tuition has increased drastically; in the last five years Georgia colleges have had 75% increase along with other states such as Arizona whose tuition has increased by 77% (NPR). Since 2006 the tuition in Utah has increased by 62.8% and is rising throughout the U.S. (Desert News). Between 1885-2016 the price of college has increased between 2.1% to 4.3% per year beyond inflation (CollegeBoard). Through calculations, that equates to about a hundred precent increase since 1885. It’s no secret that college tuition has skyrocketed, increasing student debt and leaving prospective students to ask “Is College Worth It?” college education is beneficial in that it teaches students valuable life lessons in responsibility, prepares students to enter the workforce and can be relatively inexpensive. The eduction is “college education” is worth every penny but America has created clichés to define the college experience which are expensive and unnecessary. In a radical new world a college education is required in many high paying jobs, which leads to the question “Is the experience of college all it is built up to be?” Through recent research, many articles and news mention about the value of higher education seem to only take account of is the financial aspect. A college education is worth what one makes it and is an investment in a future and in one’s self. The purpose of college the education is to be prepared to go into a the workforce having gained the
A commodity is a raw material or primary agricultural product that can be bought and sold. The market treats it as equipment or nearly so with no regard to who produced it. The original producer does not make the “big” money from the good that has become a commodity demanded by consumers. A commodity’s supply and demand is part of one universal market like corn, or wheat. A stereo is something that would not be considered a commodity. Other things are important about a stereo not that it is just a stereo but what brand and quality is in consideration when purchasing a stereo. Demand for one type might be much larger than the demand for another. This is not the case with commodities; they lose differentiation across their supply base. An
Commodity is defined as buying and selling raw or agriculture products such as coffee, gold and aluminum. There are two types of commodity soft commodity and hard commodity. Soft commodities are agriculture items such as rice, rubber, and wool while hard commodities are raw materials such as gold, oil, aluminum. Also some commodities are needed and others are wanted and an example of needed commodities is water, food and wanted commodities are like shark fins. Shark finning must be bended; it’s only wanted as a commodity, most people don’t need it for that much to live. Every year, we hear about sharks killing 10 to 15 people but not only shark attack and kill humans, human kills millions of sharks per year for their fins (Mislinski,
Some of you go to college go to play a sport for that college, in which case you would go to a University. At the time of graduation you are usually around 17 to 19, at this point in your life you have to think if you are ready to move out of your parents house and be on your own, and many do, again you would choose a University. There are some of you who want to stay under mom and dad’s roof and just want to go to college to see what living by yourself is like, to see if you will like it. In this case you would choose a Community college. For some this can be one of the harder decisions to make. Another difference of a University and Community college is the size. Not just the size of the campus, but the size of the classes and workload that you will be facing. With a University you have a large campus with numerous class buildings and dorms. At a Community college you will usually have only one building and all that this building contains is classrooms for learning. Sizes of most University classes are over 30 of you to a class; sometimes that number can be as high as 100 students to a class. When you are a student at a Community college you are usually one out of twenty. The most you will probably find in a classroom of a Community college will be around thirty.
Commodity is term that every one of us has heard at one point or another in life. Commodity is a popular term thrown around in the financial industry, and was created five hundred years back somewhere in the 15th century in order to describe a financial benefit or profit. Today, commodities are considered as certain valuable goods that are produced in bulk and have certain uniform qualities across the board. According to Wikipedia the definition of a commodity is as;
The public is in debate whether or not college is worth its’ lofty price. College graduates will earn 73 percent more than high school graduates. Someone with a graduate degree will earn an average of $49,900. Compared to that, someone with just a college or Bachelor degree will earn $35,700, and someone who will only graduate with a high school degree will earn $30,800 (Kelley). Strictly looking at those statistics the price of college seems like a fair trade. “The advantage for