INFLUENCE OF THE COMPETITIVE ENVIRONMENT ON THE DEVELOPMENT OF THE EDUCATIONAL SERVICES MARKET
DOI:
https://doi.org/10.60078/3060-4842-2025-vol2-iss6-pp188-194Abstract
The article provides a comprehensive analysis of the functioning mechanism of the market for educational services, focusing on the interrelation and interaction of its key components including demand, supply, price, and competition. The study meticulously classifies price and non-price factors influencing both demand and supply, and elucidates the specific functions of the education market, such as integrative, distributive, and incentive functions. The author concludes that the market mechanism facilitates efficient resource allocation and aligns educational output with labor market demands. However, it also possesses inherent drawbacks, including information asymmetry and consumers' potential neglect of long-term strategic interests.
Keywords:
market of educational services demand and supply competitive environment price equilibrium market functions institutional prestige labor market resource pricesReferences
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