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Everything is a business. No organisation can survive for very long if the money coming in is less than the money going out. As Mr Micawber put it, "Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery."
So every school is a business and a private school should make a profit. The question is, which comes first: education or profit for the shareholders? Sadly, there are many schools where the profit comes first. This, in my opinion, is reprehensible.