JulietChen SG thanks for helping supply/demand Society oblishes higher educations . Student have to find jobs immediately , if there are no jobs available , how will wages be adjusted so that those who want jobs can find them ? anyone can please help ?
JulietChen SG sorry is abolishes it means get rid off . hopefully u can try ur best to understand that question , i have check with the teacher he say nothing wrong with the question . sorry . and thanks butcher
^tamago^ SG Jobs = High demand but low supply. Supply can only increase if wages are depressed so he can hire more within his budget, or willingness to spend on labour costs.
unclebutcher SG higher education is a merit good. if students have to find jobs, and there are no jobs(e.g. sudden increase in supply and very low demand) wages will have to drastically reduce so those who want jobs can find them
unclebutcher SG wages need to be reduced so that supply drops and demand increases and thus more jobs for the society as a whole
<Precious> SG Why would society abolish higher education? please clarify.... Is this a hypothetical only or a real situation? Catch no ball!
