Educational Marketization

Educational marketization refers to the process of applying market principles—such as competition, choice, and privatization—to the education sector. This approach encourages schools to compete for students, often through funding models linked to enrollment or performance, similar to businesses competing for customers. The goal is to improve quality and efficiency by fostering innovation and accountability. However, it also raises concerns about equity and access, as market dynamics may favor wealthier families or regions, potentially leading to disparities in educational opportunities and outcomes.