What are universities for?
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In research, universities create new possibilities; in teaching, they shape new people. ... It is the complex, interacting whole of the university that is the source of the separate economic, social, cultural and utilitarian benefits valued by society. It needs to be understood, valued and managed as a whole.
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provide education at university standard;
provide facilities for, and encourage, study and research;
encourage the advancement and development of knowledge, and its application to government, industry, commerce and the community;
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