1. Value of a service is how much the market is willing to pay.
2. In the times of abundant, easy access to service X, a high price tag is indicator of quality and rarity. I.e., it's a feature, not a bug.
So ...
> How do you explain the cost of education
... was more of a rhetorical question.
1. Value of a service is how much the market is willing to pay.
2. In the times of abundant, easy access to service X, a high price tag is indicator of quality and rarity. I.e., it's a feature, not a bug.