The educational sector has undergone significant changes over the past few years with the start of online education. It is free online education that allows students and teacher students to continue their education process and ensure that effective knowledge is being provided to them. The start of the pandemic made it imperative that the online education system be used as an alternative so that the future of the students is not compromised and the education process continues effectively. Considering the given situation it is important to highlight that the start of online education led to the development of a new market of education that consisted of providing different kinds of online courses and online portals for both the teachers and the students. Initially there was very little Idea present regarding how to create an online course for the students that will cater to their needs and provide them with the much needed support. The reason being that most multinational corporations who are familiar with the concept did not have a better idea of what methods could provide better support to the students and teachers. However, soon it was found that the best method included taking into consideration the curriculum that is being already talked to the students in the schools and developing online courses accordingly. Once this initial problem was solved the next issue arose regarding how to sell courses online so that it can effectively reach the target set of consumers. In this situation the multinational corporations made effective use of the social media marketing strategy where the students were let known about different kinds of online courses that would provide them with better support in the education process to the use of social media tools. This included the use of tools such as that of Facebook and Instagram along with even Twitter. Through the social media approach the students and teachers were informed about the different kinds of online courses available which could provide them with better support in the educational journey.
It is important to understand the increase of developing Nations one of the major issues that they face is the lack of financial resources and necessary infrastructure that can provide them with an incentive to develop a new market economy. The start of online education thereby meets the imperative that the developing Nations start thinking about approaches that will ensure that the students in their country are provided with the best resources when it comes to undertaking online education. It is in this situation that many multinational corporations are already aware of the concept and started investing in the form of foreign direct investment in developing countries and thereby led to the development of a new market economy of online education. These multinational corporations are also responsible for encouraging entrepreneurs and other private Institutions foray into the market. It is important to understand that the educational market is considered to be profitable based on the fact that education is a necessary public good whose major objective is to provide support to the students and ensure that they are provided with the best educational resources in the educational sector.
The impact of online courses in the economy- the educational sector
Online courses have become an important part of our educational landscape as it helps in providing better support to the students and teachers and ensures that they can effectively walk towards the improvement of the learning process. It is important to understand that the Rapid increase in online courses in the economy has had a far reaching impact on the market. This leads to the development of your market economy which has led to the generation of better employment opportunities. increasing the employment opportunities has led to a growth in the gross domestic product of the economy thereby ensuring that the development of a simple structure can be made. The government also plays a very important role in ensuring that the educational market is significantly improved by providing it with the much necessary subsidies and supporting it in other such ways. Considering all these respects it can be stated that the online courses have had a positive impact on the growth of the economy.