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The “Iron Triangle” in higher education refers to the interdependent relationship among access, cost, and quality, suggesting that improving one dimension inevitably compromises at least one of the others. Traditionally, expanding access to higher education has required increased financial resources, thereby raising costs, while efforts to enhance quality through smaller class sizes, research-intensive faculty, and advanced infrastructure have also driven up per-student expenditure. Conversely, attempts to reduce costs have often been associated with larger class sizes, limited learner support, and a perceived decline in academic standards. This relationship has shaped policy debates and institutional strategies, particularly in resource-constrained economies. From an economic perspective, the __________ ______ ________ ________ _____.
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