ABSTRACT
The education business has moved from the days of simply selling books, maps, and other classroom apparatus to being a business with a multiplicity of vendors, including textbook publishers, software, open-source, and information companies, for-profit school management businesses, forprofit tutoring and test preparation centers, for-profit preschools, and for-profit testing corporations. Even nonprofit organizations are driven by a desire to make money which results in high salaries for their managers. Examples of nonprofit organizations that act like profit-making companies range from the testing giant Educational Testing Services to charter school franchises like the Knowledge is Power Program (KIPP). One estimate of the total revenue of the for-profit education business was $68.5 billion in 2010, up by 5 to 6 percent from 2005. The education business is a growth industry and it is the second largest U.S. economic sector after health care.1
