Economic Analysis: The Education Industry in Australia by 2026

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This report provides an economic analysis of the education industry in Australia, focusing on its impact on the country's economy, particularly through the intake of international students. It highlights the significant revenue generated by the education sector and its contribution to various other business sectors. The analysis includes projections for student intake by 2026, with a focus on key source markets and the anticipated growth in higher education. The report also touches on the quality of education offered, health services provided to students, and future expectations for the industry, emphasizing Australia's commitment to maintaining high education standards and attracting international students to boost economic growth. The document emphasizes the Australian government's strategic investment in education and its role as a major source of income.
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Running head: Education analysis industry on Australia
point of view
Education analysis industry on Australia point of view
By (name)
Student number
Faculty of
Professor (tutor)
Name of school (university)
Country
Date
Contents
Education analysis industry on Australia point of view..................................................................1
Education analysis industry on Australia point of view..................................................................1
Introduction......................................................................................................................................1
Population........................................................................................................................................2
The Australian proposed intake analysis by 2026...........................................................................2
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Education analysis industry on Australia point of view
Australian education........................................................................................................................3
The education level and the expected improvements......................................................................3
The economic view of educational industries in Australia..............................................................3
Quality of education offered in Australia........................................................................................3
The health services..........................................................................................................................4
Future expectations with Australian education industry.................................................................4
Conclusion.......................................................................................................................................4
References........................................................................................................................................4
Education analysis industry on Australia point of view
Introduction
In our today's environment, the atmosphere bears techniques and ways of living some techniques
are not easily acquired by natural knowledge. Some of the atmospheric techniques are basic and
therefore needed for one to acquire sophisticated skills in life deal with them with ease. The
acquisition of this knowledge, therefore, can be summarized in education. Education can be
defined as the process of acquiring knowledge. For the formal education to be acquired there are
factors that contribute to the education process. The teaching method and guide require that
people acquire knowledge from the simple concepts to the complex one depending on the
concept descriptor (Trauth, 2018). There are sources of learning that boast the understanding of a
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Education analysis industry on Australia point of view
student. Such sources might be electronic devices or other manual sources. For meaning to take
place there must be a teacher, learner, the content and the channel. A teacher is a go between the
learner and the content and, therefore, the teacher enlightens the student on the content. The
teacher may use concept descriptors to make the learner understand. The teaching may be one on
one or a distant tutoring. There are systems of education which vary with nation or state
according to the proposed goal and curriculum period of the learner as designed by the system
implementers. The education industries focus on preparing people for future sustainability and
the power to overcome life challenges that probably require one to solve them by applying the
acquired knowledge.
Different countries view education as a source of income of which it is while others avail
education to her students without charging. To most nations, the education sector has been an
opportunity center for both learners and teaching staff (Facione, 2018). Every nation treasures its
education as their system of learning is the work of their great men in the country.
Population
The Australian universalities are experiencing large population due to its admittance of mass
international students. Moreover, despite the increased population, the university has the power
and capacity to control and manage their educational activities and maintain their high-quality
services. Since the year 2014, all universities in Australia universities have to portray greater
improvement and therefore posing a challenge to the other nations that attempt to invest in
education for international students. Out of research, the Australian government is aiming to
admit a very large number of students in its universities. The Australian government has been
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Education analysis industry on Australia point of view
realizing a very large profit margin and therefore the government has chosen to invest greatly in
the education (Katz, 2018). the education industry in Australia has occupied almost ten percent
of the Australian land.
The Australian proposed intake analysis by 2026
The projected top ten source markets by enrollment in 2026
Top source
markets
2026
2026 Share of
Australian
enrolments
2026
CAGR Dominant sub-
sector 2026
1 CHINA 20,400 7.6% 3.6% HE(12510;61%)
2 INDIA 4,700 4.5% 2.8% HE(2360;50%)
3 HONG
KONG
3,000 10.5% 3.7% HE(1720;57%)
4 MALAYSIA 2200 5.3% 2.4% HE(1860;85%)
5 VIETNAM 1800 5.35 2.4% HE(970;53%)
6 OMAN 1700 61.0% 17.5% HE(1030;61%)
7 SAUDI
ARABIA
1400 11.5% 2.1% HE(700;48%)
8 KENYA 1000 22.2% 5.8% HE(690;67%)
9 BRAZIL 1000 2.8% 1.5% ELICOS(530;67%)
10 SOUTH 900 2.4% 0.1% VET(320;37%)
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Education analysis industry on Australia point of view
KOREA
Australian education
Australia is one of the word leading nations in the sector of education development. The
education standards in Australia have portrayed an image of victory. In terms of education. All
foreign nations have been admiring their education system. Therefore Australia has been
admitting internationals. The education industry in Australia has been a leading source of income
and therefore it has laid an analysis aiming at increasing its admittance for the international
students (Hau'Ofa, 2018). The government has been earning a lot of money and making greater
profits.
The nation is aiming to admit as many students as possible so as to improve their profits. By the
year twenty thousand and twenty-six, the industry is focusing on increasing its international
intake by ninety percent. The swift growth of this industry has been brought about by how the
applied knowledge acquired from the Australian universities has been valid and successful.
The education level and the expected improvements
The Australian educational level has been a satisfaction to all the students all has ever accessed
it. Both national students and international students have been accessing it in part time and full
time depending on their education terms.
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Education analysis industry on Australia point of view
The economic view of educational industries in Australia
The Australia government has the biggest source of income as education industries. The
education industry contributes to the economy in that international and national students pay a lot
of fees in such industries. Both tuition and accommodation fees are used for the development of
the country and therefore boost the economy of the country. In the other business sector, the
educational institution in Australia is viewed as the source of market for variable goods and
services. The universities provide the nation with a ready market and therefore business sectors
and producers have a great opportunity that has been brought about by these international
students (Meek, 2018). Some variables like electronics such as laptops, Mac books, mobile
phones, cameras and other commodities are highly consumed. The consumption of electronics
and other commodities has made the potential investors grow and develop in terms of wealth.
The system has incorporated a very large number of students and therefore the nation’s wealth
increases annually. The life of the learners in the environment is quite favorable since the
national living standard is relatively high depending on the location of the university. The
international students may also be interested to learn from on the University Simply for
Interaction and enjoy foreign services.
Quality of education offered in Australia
With the education industries in Australia, being viewed as a source of the ready market. And
government source of revenue. The state also has placed the education standards on the peek of
the highest mountain in that, the system focuses directly on the career pursued by the students
hence perfecting the objectives and the focus of the student. The system is favoring quite a
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Education analysis industry on Australia point of view
number of students and therefore learners are in a position to acquire greater knowledge and
achieve their educational goals. The environment in Australia is quite favorable since it is
politically stable and therefore the students learn freely to achieve their focus. The life of
students in Australia ate protected since the act of madder and other malicious acts which are
inhuman. The nation has manifested the power to protect students by laying down security
strategies. The government focusses on providing enough security for both students and their
property (Mayer, 2018). The university management department has ensured that the universities
that admit international students in Australia to have very improved terms of education so as to
maintain their good reputation that has to lead in the education sectors.
The health services
The government has launched health facilities into all its campuses due to the high population
and therefore students are authorized to access the services free of charge (Stanley, 2018). It has
been realized that by the government offering free health services to the students, therefore, the
number of students increases annually due to such motivations. The government has also offered
life assurance to the students so as to create and maintain their fame in offering quality services.
Future expectations with Australian education industry
The population of the country is expected to increase by forty percent. The population
increments will have been caused by large number students to be admitted in the coming intakes
that are to take place from next year to the year two thousand and twenty-six. The other business
activities are expected to grow very fast due to high demand that will arise from the good
business atmosphere that will have been brought about by education industry (Soutar, 2018).
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Education analysis industry on Australia point of view
New potential investors are also encouraged to venture into this business activities exploit theirs
capably for maximum production of goods and services. There is still an expectation due to the
mass interaction that will have been brought about by the targeted student group.
Conclusion
To crown it all Australia is aspired to making its education strategies the best. The industry also
refers the university and the other education level as their main investment and therefore they
cannot keep it under poor condition there has been a research every year to find on the most
appropriate and new opportunities to take about the education system and therefore the campus is
aiming at maintaining their education standards.
References
Facione, P. (2018). Critical thinking: A statement of expert consensus for purposes of
educational assessment and instruction. (The Delphi Report), 123(7), 34-44.
Hau'Ofa, E. (2018). The new South Pacific society: Integration and independence. Class and
culture in the South Pacific, 100(5), 23-37.
Katz, J. (2018). Fully mature but not fully legitimate: A different perspective on the state of
entrepreneurship education. Journal of Small Business Management, 123(7), 23-26.
Mayer, E. (2018). Education Council Committee. Key Competencies: Report of the Committee to
advise the Australian Education Council and Ministers of Vocational Education,
Employment and Training on Employment-related Key Competencies for Pos, 123(8), 33-
36.
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Education analysis industry on Australia point of view
Meek, V. (2018). The transformation of Australian higher education from binary to a unitary
system. Higher Education, 234(8), 12-18.
Soutar, G. (2018). Measuring service quality in a tertiary institution. Journal of Educational
Administration, 213(7), 12-15.
Stanley, J. (2018). The Relationship between International Trade & Linguistic Competence
(Report to the Australian Advisory Council on Languages and Multicultural Education).
234(77), 14-26.
Trauth, E. (2018). Explaining the IT gender gap: Australian stories for the new millennium.
Journal of research and practice in information technology, 123(4), 22-24.
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