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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.
the meaning of supply
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This research will follow the methodology of econometrics; Chao, 2005; Castle & Shephard, 2009): 1. Specification of the model using a specific stochastic equation, together wit
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