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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.
Floating exchange rates There are two basic systems that can be used to determine the exchange rate between one country's currency and another's: a floating exchange rates (al
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This is the practice of maximizing profits and revenues and minimizing costs, using marginal analysis.
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What are the basic questions to be answered by economic institution? Four fundamental questions should be answered by any economic institution as: a. What goods and services
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