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The education industry consists of
schools, colleges, universities and various private
institutions. The education sector can be broadly classified
into three categories:
• K-12: This includes the education offered from nursery to the
twelfth grade by various public, private and religious schools.
• Higher education: This includes various state-run and private
colleges and universities. This also includes Med Schools, Law
Schools and Business Schools.
• Vocational education: This includes industry/job oriented
education, based on the apprenticeship method of learning.
The education industry is not just restricted to these
categories. It also includes ancillary education services, such
as after-school tutoring, charter schools, special or
alternative education, educational content suppliers and
professional development of administrators and teachers.
History of the Education Industry
Education has been practiced since time immemorial to instill
social and cultural values. In the ancient times, the education
system was verbal, carried out generally by the elders of the
family. The writing system developed around 3500 BC, enabling
the recording and sharing of information. In most ancient
societies, the state of literacy was bleak for centuries.
The education industry was initially associated with law, trade
and commerce, religion and civil administration. Formal
education was available to only a small fraction of the
population. The system developed in most countries after 1850
CE.
The modern education industry consists of training by
professionals and organized instructions with respect to
systematic curricula and pedagogy.
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