The e-learning is on its rise. In the USA about 77% of companies offer online courses to help train their employees with 81% of learners partaking in the online study for personal development. Today it is possible to get a quality business knowledge from the leading professionals without going to college or even leaving your room. Online courses probably will not guarantee the same effect as attending top business schools and will not necessarily give you a high paid job right away. However, e-learning can give you important skills that students usually gain from top business schools.

Whether it is a company that wants to incorporate an online education program or a student who wants to get an MBA, the advantages of e-learning compete with those of offline education.

Having become the biggest revolution in modern education, e-learning has made a big change in the economy and opened a lot of opportunities for people from around the world.

So why online education is important to boost the economy?

Advantages of E-Learning for Economy

Online Courses are Personalized and Flexible

Not every person learns the same way. Although the material for each course is standard for everyone, each individual can control the pace of education. Due to the flexibility provided by e-learning each individual can take part in the educational process from any corner of the world with a computer and an internet connection. This makes the entire process easier and helps to avoid problems where the course will take place.

According to a research made by the U.S. Department of Education: “on average, students in online learning conditions performed modestly better than those receiving face-to-face instruction.” The report mentioned benefits in studies in which online learners spent more time on task than students in the face-to-face condition. However, it is important to realize that an online lesson will not be easier than one taken offline. Motivation is still a key to any successful education process.

Online Courses are Cost Effective

With e-learning, students can save hundreds of dollars by economizing on expenses that are associated with attending classes. No more expensive books, costs for transportation, babysitting and other expenses that go with traditional offline courses.

Online Courses are Beneficial to Economy

While online education is undoubtedly beneficial to learners, the question remains, whether the increase of online courses and the rise of student enrollment in e-learning is helpful for the economy.

It goes without saying that online courses development transform the traditional approach to education and adds a new business sector, which translates into more jobs for online instructors, web developers, and administrators. So how can it impact the rest of an economy? With a rising popularity of online courses, employers become more eager to hire graduates. E-learning is gradually replacing the traditional education and producing a higher level of online-educated students which can potentially result in an economic boom.

Opportunities for flexibility, cost-effectiveness, and economic development are among those variables that have influenced the online learning process. Online courses have a big potential to improve and change education process as well as benefit the economy. Being less expensive and more flexible online education becomes more and more attractive to learners.

For e-learning to succeed it is also important to find and prepare instructors who will be ready to engage in this new educational process. Luckily, modern technology enables instructors to develop new ways to teach students online in the ways that are much more effective than face-to-face classes. The impact of online education is probably not so noticeable right now, however, if the pace of e-learning remains the same it can result in an economic lift.