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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.
list all the type of cost
Expected Utility: Theory Assume that a utility index exists which conforms to the five axioms. The expected utility for the two-outcome lottery L = (P, A, B) is given by,
a consumer consumes only two goods x and y is in eqillibrium price of x falls explain the reaction of consumer through utility analysis
1) Investments 1A) What are the two components to total return ? What does expected value measure? What does standard deviation measure? How can each result be
Absolute advantage is the simplest yardstick of economic performance and it may be simply describe as If one person or a firm or a country may produce more of something with the sa
Distributive Bargaining An approach to negotiation that finds to divide up a fixed amount of resources.
what is microeconomics
Production Function Models
Use a PPF to explain the trade-offs that all economies face. All countries must construct some sort of system whereby output, allocation and distribution of goods is decided.
During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use supply and demand diagrams, how the following markets are affected in terms of pr
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