Originally, the market is palace where people come to buy and sell objects often to make a profit. Buyers want maximum satisfaction from the product they are buying and sellers want to find the best way to make a profit, yet at the same time ensuring the quality they provide the buyers is second to none. However, when there is an increase demand in the production cost the supplier needs to find money from a different source in order to keep up with the demand, this often leads to a decline in quality in other aspects. Suppliers also have to keep up with their competition and keep there prices as low as possible as well as competing to keep the quality the same. Sellers want their customers to be satisfied with the product that they keep returning and inform other people about your product. The market is specifically all about choice, you have the choice to enter the market and you have a choice of where you want to buy your goods.
Yet, how does this concept of the market link with the privatisation of education? It has been suggested that by providing choice and competition the quality of schooling will improve. So by bringing education into the market we can therefore start to provide school services for the lowest prices to run and children will be better matched to they type of s...
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...’ in Lauder, H., Brown, P. Dillabough, J-A. Halsey, A. (Eds) Education, Globalisation, and social change. Oxford: Oxford University Press
McElwee, M (1999) The Thatcher Legacy. BBC. http://news.bbc.co.uk/1/hi/special_report/1999/04/99/thatcher_anniversary/330546.stm [Accessed 14/03/2014]
OFSTED. (2013) Press release: Ofsted: too many of our brightest children are being let down in the state system. http://www.ofsted.gov.uk/news/ofsted-too-many-of-our-brightest-children-are-being-let-down-state-system Accessed:[ 14/03/2014]
Olssen, M., Codd, J. and O’Neill, A. (2004) Education Policy: Globalisation, Citizenship and Democracy. London: Sage.
Wilby, P. (2013) Margaret Thatcher’s education legacy is still with us – driven by Gove. The Guardian. http://www.theguardian.com/education/2013/apr/15/margaret-thatcher-education-legacy-gove [Accessed: 14/03/14
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