You must have read my other #Wrytup on Present Education System. If not, just click the title and read it first. There I spoke about how education has become another form of earning i. e. business. I even tried to highlight that how the number of schools are increasing with no quality improvement.

Today we are going to talk about something related to the same. Just think, why the number of schools has increased drastically. I mean supply cannot increase without the increase in demand, right? My point is why the level of competition has increased so badly? Earlier there were only a few schools, single educational board. Today there are numerous schools and varied educational boards. This provided the people with varieties not only into the educational boards like GSEB, CBSE, ICSE, etc. but also with the type of education or activities taught by the schools.

Photo: the NY eCommerce Forum

Now, just understand how the need of a new variety into the market affects the existing seller? Earlier one seller sold few varieties, so customers had no other option to buy from. Due to which, the seller could easily make enough money to fulfil the needs of his family. But now, especially if we observe in the present day scenario, the number of sellers has augmented dramatically. Hence, what happens that now there are more sellers, more sellers means more options? On the other side (Seller’s point of view), more options brings less sales; less sales gives less income. Now when the income has reduced, the needs are the still the same, in fact even more. As a consequence, one person’s income becomes insufficient to satisfy everyone’s needs and the requirement of everyone in the house to work emerges.

Photo: InsideIIM.com

But again on the other side, the opportunities for employment are very few. Due to which it becomes so difficult to earn a single penny in this competitive market. And I think this is one of the major reason why the value of money has terribly increased whereas the value of rupee is simply falling.

Photo: Business Today

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