Note

A. Teacher

Controls a valuable social resource (knowledge).

B. Student

Wants access to the resource controlled by the teacher (because knowledge can be translated into qualifications, etc.).

The potential exists for conflict here, since the teacher has something (knowledge) that is desired by the student
But this resource only has a value for the teacher if it can be sold. Therefore, teacher has an economic interest in selling access to the resource they control. Similarly, student cannot simply take knowledge from teacher without the teacher's co-operation
It is in the teacher's interest to co-operate with the student, to sell their knowledge to the student in exchange for various social resources (money, status, power, etc.). It is in the student's interest to co-operate with the teacher. In order to gain the knowledge that is being sold, student has to agree to a teaching process determined by the teacher.
Therefore, although this is a situation that contains the potential for conflict (one participant has something the other wants), it is in the interests of both to co-operate in the exchange of commodities (knowledge is exchanged for money, for example).
This is not an equal relationship, however, since the person who controls the valued social resource (the teacher) has the advantage in this relationship and they can use this advantage to extract more from the student than they provide in return.

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