ABSTRACT

Education is rapidly becoming a $1 trillion industry, representing 10% of America’s GNP and second in size only to the health care industry. Federal and State expenditures on education exceed $750 billion. Education companies, with over $80 billion in annual revenues, already constitute a large sector in the education arena. Th e education industry plays an increasingly important role in supporting public education by meeting the demand for products and services that both complement and supplement basic education services.1