Abstract

The aim of the study is to highlight the significance of private university education on economy and development in North Cyprus. Turkish Cypriot Community claims a relationship between the increase of the number of private universities and economic development. Also, people, who not only studies but also become undergraduates, have an effect on the development of life quality level of the society. It is a known fact that educational activities have an effect on the quality of economic, social, political and cultural development of a society. This qualitative study was done after collecting economic data of North Cyprus and its relation to private universities. The research reveals that there is a correlational relationship between the economic development level and the number of private universities, which eventually affect social development as well.

Key words: Education, economy, development, private university