Student’s View of Education as the Merit and Private Economic Goods

Abstract

Economic theory defines the market of the higher professional education as an intellectual property due to a system where product demand is formed by the higher education institutes. It is presently formed as the combined system of the state and non-state or private forms. The emergence of fee-based forms of education involves the formation of market relations and the determination of the price of such services. The higher professional education market arose in Russia together with the reform of other spheres of economic life in order to create out education, and also as the merit and the private economic goods. But the social importance of the role of these goods cannot identify education as the pure product of the market. The possibility of establishing education as the market product is formed in connection with the inseparability of the existing system of educational services from the labor market as the end user.