Why higher education is a commodity?
Universities are forced into becoming efficient money-making enterprises as they face colossal financial constraints. Education has become a commodity that individuals themselves must purchase. The plurality of values associated with higher education have become subordinate to a single crystallisation of value: price.
What is the supply chain in higher education?
SCM is defined as “the management of the flow of goods and services and includes all processes that transform raw materials into final products.” In the case of higher education, students are the raw materials being transformed as they progress through their studies to matriculation and develop critical thinking skills …
Is education a commodity?
In other words, a certified level of education is a commodity-something that is useful and can be turned to commercial advantage. Viewing education as a commodity has several consequences.
What is commodification of higher education?
Commodification is the process of treating something like a commodity—products or goods, services, or articles of trade—giving a more abstract concept to something like traditional higher education.
Is higher education public goods?
Public good is an economic term with a narrow definition. To qualify as a public good, a good must be both nonexcludable and nonrivalrous. But higher education is unambiguously not a public good. It is excludable, since universities can force students to pay tuition before receiving an education.
What is educational value chain?
Educational value chain introduced by van der Merwe and Cronje, (2004) as a “graphical tool” that developers may use in re-engineering efforts to identify possible bottlenecks that are likely to occur, as well as providing a route to follow when determining the value added elements by technology.
Why education is not a commodity?
That education is a right and not a commodity has been asserted by the democratic student movement long. There are also more sophisticated versions of the argument, which say: let the students from better-off families pay high fees; the higher fees paid by them can be used to subsidise poorer students.
How is commodification in education?
Commodification of Education A market-infused approach to education treats knowledge as a commodity whose exchange value is measured crudely by comparing the cost of acquiring a degree (tangible certification of “product” acquisition) with the financial earnings the degree supposedly enables.
How is commodification relevant to education?
1. The Concept of Commodification of Education. Education is a means for social development, democratic empowerment and advancing of the general well-being and economic development of societies. It ensures the accumulation and sharing of knowledge and cultural capital.