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| Topic: |
Business
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| Number of pages / Number of words: |
8 / 2123 |
Essay's paper body
The potential of Virtual Universities to reduce these costs is most important, because the cost affect the consumers.
Comparisons to campus education also create economic challenges to online institutions. Campus education is a normal good, and on-line courses in part are inferior. Therefore, as incomes rise people will demand more face-to-face Higher Education...
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Economic theory insinuates that the introduction of new on-line inducements will be associated with a short-run decline in the demand for campus education. This decline may be caused by a reduced rate of growth. Other variables affecting demand for campus education are also changing, for example, population levels, age composition, income levels and the returns to higher education...
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