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Determinants of Private Demand for Education
Rates of return on investment in education is only one of the factors determining the demand for private investment though it is the most significant one. Some of the other factors may be identified as:
We may now briefly know how each of these factors influences the private demand for education.
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Purchasing Power Parity (PPP): The exchange rate is determined by the relative purchasing power of currency withineach country. For example, if a product X costs Rs. 100 in I
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Equilibrium Exchange Rate: The theory of exchange rate determination explains how demand and supply of foreignexchange interact and jointly determine the equilibrium exchange
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