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Balancing Needs and Resources
planning is a balancing act. It involves the balancing of needs with resources towards set goals. Likewise, educational planning involves the balancing of resources (both physical and human) available to the education sector with the educational needs in such ways that they facilitate the realisation of educational goals set under the national policies of education. Education is both an instrument of integrated personality development of children at the individual micro-level and of national developmental goals. Economic growth is one of the foremost goals of national development. Hence education should be employed to achieve economic growth.
Digarm: Balancing Needs and Resources
There are several approaches to achieve economic growth through education. Each one of these approaches, as evident from scientific research studies, has its own merits and limitations. The study and understanding of all these approaches are essential to appreciate the space for educational planning in economic growth. In the foregoing part of the unit, we will discuss some of the important approaches in this regard.
Token Privatisation: This implies the sale of 5 per cent or 10 per cent shares of a profit-making public sector enterprise in the market with the objective of obtaining revenue t
Elasticity of Demand This is a measure of how responsive the sales volume of goods is to changes in that product's price, equal to the marginal change in sales, divided by the
Market failures (even when they do not have international external effects) i) Self-fulfilling bank runs, government debt runs, currency crises. ii) Liquidation costs of li
Suppose that in an economy 100 worker-hours produce 160 units of output in year 1. In years 2 and 3 worker hours are 120 and 130 and units of output are 216 and 260, respectively.
Discuss the concept of dynamic multiplier
CONSIDER THE DEMAND CUVE Q=100-50P DRAW THE DEMAND CURVE AND INDICATE WHICH PORTION OF THE CURVE IS ELASTIC ,WHICH PORTION IS INELASTIC AND WHICH PORTION IS UNIT ELASTIC
what are things you need to look in manner of functions,elements,purpose,types and definitions?
What are the economies and diseconomics of scale?
example of marginal opportunity cost
For the purposes of economic analysis, a normal profit contains the cost of the lost opportunity of the next best option allocation of the firms resources. In a purely competitive
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