why is education sold
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1,111,111 TRP = 11,111 USD
1,111,111 TRP = 11,111 USD
1,111,111 TRP = 11,111 USD
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Education is increasingly treated as a commodity due to economic pressures, privatization trends, and demand for skill-based learning. Governments underfund public systems, pushing costs onto individuals, while private institutions profit by selling degrees and certifications. Globalization fuels competition, framing education as a personal investment rather than a public good.
Key drivers:
Privatization: Corporations and investors enter the sector, prioritizing revenue over accessibility.
Market Demand: Job markets reward specialized skills, making education a transactional tool for employment.
Policy Shifts: Neoliberal policies reduce state funding, forcing schools to monetize services (e.g., tuition fees, international student quotas).
Criticism: Critics argue commodification deepens inequality, as marginalized groups face financial barriers. Yet, proponents claim it improves efficiency through competition.
In Nigeria (NG), this manifests in rising private school enrollment and costly tertiary education, exacerbating disparities. While commodification can spur innovation, balancing profit motives with equitable access remains a global challenge.