This article provides a foundation for interpreting current business models in e-learning and predicting change in the future. Trends and stakeholders are related to factors that will determine their growth and/or demise. Technology is a stimulus for change, and attempts to privatize knowledge or otherwise control this market may be only a temporary phenomenon. Paradigm change, technological innovation, and digitization of content are flattening the landscape for stakeholders in knowledge-based
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The Economy of E-Learning
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