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Overview of Education Sector
Education in its broadest, general sense is
the means through which the aims and
habits of a group of people lives on from
one generation to the next. Generally, it
occurs through any experience that has a
formative effect on the way one thinks,
feels, or acts. In its narrow, technical sense,
education is the formal process by which
society deliberately transmits its
accumulated knowledge, skills, customs
and values from one generation to another,
e.g., instruction in schools.
Source : Wikipedia
What drives the Education Industry
Demand and Supply are the two main factors which drive the direction
of the Education Industry.
The demand drivers of the education sector include:
Household disposable income.
Cost of education.
Opportunity cost of education
The supply drivers of the industry include:
Availability of qualified work force
Changes in social outlook: Campus Universities VS. College Online.