Which sector of the economy do you think has suffered the most from coronavirus - construction, retail, transportation or catering?
Well, you all make mistakes, and need to do some more homework. The answer is - education
Many people probably don’t think of education as part of the economy. The groves of the academy must be above this national consideration as money and money?
Not a bit of it. Money is the lifeblood of education - the resources it receives from wealthy alumni, catering and accommodation fees, conference facilities and, most importantly, attracting fee-paying students each year.
The problem for the education sector is that it is uniquely vulnerable to the coronavirus epidemic.
For hundreds of years his business model has brought thousands of people from all over the country and around the world together to sit at home and talk to each other for three years.
As a result, almost all of its revenue streams are under attack at the same time.
Current students have been sent home, and many courses have been transferred online. If lockdowns around the world continue, new students are harder to find in the fall and harder to find on campus.
Moreover, the conventions are not happening, and all these wealthy alumni are not as rich as they thought they were.
This makes Western English-speaking universities particularly strict. They even tend to charge large tuition fees for domestic students and on top of that they make money from site catering and accommodation.
They tend to charge foreign students much more, making them a huge source of income for many universities. In the UK, for example, undergraduate students in the UK and outside the EU may be charged an annual tuition fee of 58 58,600 instead of the standard 9,000.
Thus, when globalization imports low-cost products from around the world in a variety of ways, one of their greatest economic achievements for a developed economy is attracting students from abroad.
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