The commercialization of education is a relatively new phenomenon. It is the result of educational reforms implemented during the last two decades. It can be found in thriving private schools, public schools, private universities, and higher education institutions. The commercialization of education introduces a financial component, affecting millions of families. It also causes a shift in the traditional paradigm of education. The education sector’s activities are influenced by the country’s socioeconomic development. The attitude towards teaching and learning has been influenced by modernity and globalization.
Reasons for Education Commercialization
The primary cause for the commercialization of education is the amount of money invested in education. It is considered that the more a school’s popularity, the better the education it gives. This mindset is palpable. Furthermore, confronts stiff competition in the education sector on a worldwide scale. Thus, schools have embraced the practice of raising fees to increase popularity. Due to a lack of funding, the government is unable to put a stop to such practices. With the advent of foreign colleges whose main goal is profit, universities face increased pressure to raise their rates.
Another factor contributing to the commercialization of education is the increase in the number of private educational institutions as the population grows. The number of students pursuing secondary school is steadily increasing, creating a good opportunity for educational institutions with a profit-making motive. Despite the government’s commitment to funding elementary education and some fees for higher education institutions, the educational system is heavily privatized.
Advantages of Education Commercialization
While the commercialization of education has many problems, it also has many benefits. Some of the benefits are listed below.
Possibility of employment
Education commercialization expands career options. It provides job assurances to students because many private institutions offer job-oriented courses that let students engage in jobs and so vocalize their skills.
Education commercialization promotes economic development. The commercialization of education helps in the improvement of literacy rates, which is a key sign of economic progress. Furthermore, commercialization raises the country’s gross domestic product, which is another sign of economic development.
Adaptability to global challenges
The commercialization of education assignment help in dealing with the world’s problems. Modernization, industrialization, privatization, globalization, data, and so on are global challenges. The commercialization of education helps students in learning about the benefits of innovation.
Development of society
Education commercialization leads to social development. Social development is critical to a country’s development. Students are given abilities in educational institutions that will inevitably lead to their social development. Students gain social skills through schooling. Thus, the commercialization of education helps social progress by providing education based on societal demands.
Advantages of Education Commercialization
The following are some of the drawbacks of commercializing education.
Increased emphasis on grades
The commercialization of education places a greater emphasis on grades. Students are compelled to focus entirely on academics rather than on the development of children. Most educational institutions subject parents to the charade of commercial and vocational studies.
The commercialization of education is solely concerned with the education sector’s ability to generate profits. It commercializes the education industry. Many schools, for example, include canteens and cafes, which allow schools to earn extra money. This is the epitome of commercialization.
Education is becoming increasingly expensive as a result of the commercialization of education. Many private institutions charge exorbitant fees, making them inaccessible. With the commercialization of the education industry, students have become essentially consumers.
Create a learning society
As we progress towards a learning society, each human action will necessitate the dedication of professionals, putting the entire field of higher education in the spotlight. Although the needs that are being allocated today to the assignment of instruction for all will continue to be prevalent, the nation should set itself up to invest increasingly more in education while also taking steps to refine, broaden, and redesign advanced education and examination programs.
Adopt novel practices
The new developments provide enormous opportunities for advancement in a variety of contexts. It provides opportunities for financial development, enhanced well-being, improved online assignment help conveyance, improved learning, and socio-social advancement.
Privatization or commercialization, on the other hand, hurts the education system, society, and monetary progress. Education cannot take place in the absence of privatization or commercialization. The purpose of education is to bring out the best in a student by providing them with the best physical and social environment to education assignment help them realize their greatest potential. However, education is an industry, and its commercialization or privatization is here to stay. Finally, we can claim that for these people, schooling has now become a means of making money rather than providing quality education to students.