Rise in Education Sector during Recession
SIS International Market Research – Graduate schools throughout the United States are realizing unusually high application rates, while the economy plunges further into recession. This development has resulted from the countercyclical rise in demand for college degrees, as scores of workers head to “plan B” by applying for graduate degrees. Eventually, these graduates hope to come out better positioned in the workforce after the recession concludes.
White Paper: Which Comes first: Demand or Supply?
By Dmitry Shimanov, General Director of MAR Consult Research Agency
Also accessible on SIS Worldwide Intelligence A famous economic law says: “Demand determines supply”. Is this really true?
Regular consumers take this assumption for granted. In today’s market, however, this law requires further revision and clarification. At first, supply determines demand and only then does demand begin to expand the amount of supply.
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