Educational Economics: Lessons in the Past that Educational Business Executives should be Aware of in order to Become a Stable Educational Business
Keywords:
educational economics, education business executives, educational business, educational economistAbstract
Economics, the study of business, considers factors in the past that affect some ongoing issues in the present, with applied analysis of theories and concepts of previous studies, mixed with a way of developing business education. There are elements that are important to the business administration of education such as population, gender, wages, educational expectations, motivation, and rewards of education business, as well as other intangible elements, which can all be assessed and measured in terms of money. The principles of management 4M are Men, Money, Material and Management methods according to Human capital is an important part of management in both the past and present. Funding for economics must be in line with the changing world and must complement the learners' motivation and needs with a teaching management model that aligns with government policy.
Keywords: educational economics, education business executives, educational business, educational economist
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