Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Determinants of Social Demand for Education
Certain levels of education like the secondary school and graduate level are considered as having productive value and are attributed with money measures through salary/emolument/wages derivable by the employment market. The salary paid need not be strictly an appropriate money measure of educational levels.
There are other considerations such as the unemployment rates among the educated, substitutability of labour, discriminatory wage policies, relative marketability of products etc. Keeping aside these reservations, it is noted that expenditure on secondary and higher education is a form of investment. If it is made by private agencies, trusts and corporations it will be private investment. If it is made by the state, it is public investment. There are many institutions of education both at secondary and higher levels which are initially set up through private enterprise but later brought under state patronage. Such institutions are referred to as private aided institutions in contrast to private unaided or self financing institutions.
Both private aided institutions and the government institutions fall under the umbrella of state subsidies. Several issues arise in regard to the state subsidisation of higher education. Can the expenditure by the state be considered as an investment avenue or a subsidy? If it is an investment then what considerations should weigh uppermost in the state’s calculus on expenditures for higher education? What is the role of the state vis a vis the private enterprise in investments in higher education? Is the state guided by purely economic considerations or by political economy in such investments? How can the state’s participation be optimally maintained in the context of overall objectives of a nation-building effort? Answer to these kinds of questions merit consideration in the context of public investment in education. Prof Richard A. Musgrave identifies three principles which guide public investments in education.
They are:
Define the price ceiling A price ceiling is a highest price that sellers can charge for a product.
Relatiön between TC ,TFC and TVC
Is there any relation between inflation and unemployment? The Phillips Curve was a relationship among unemployment and inflation discovered by Professor A.W. Phillips. He foun
how can a consumer get maximum Equlbrim
Assume that John has the following preference relation over two goods, bread and bear (x1, x2). He strictly prefers any bundle x over y whenever x haves more bear than y, whatever
Calculate the price elasticity of demand or supply for the following function when P=8 p=6(I)p=40-0.5q
Ask qExplain why each of the following factors may influence the own price elasticity of demand for a commodity. (i) Consumer preferences, that is, whether consumers regard the com
Inflation-Unemployment Trade-off under Adaptive Expectations : By the late 1960s, the inverse relation between inflation and unemployment as suggested by the Phillips curve was
Problem 1: a. Briefly explain and distinguish between a centrally planned, laissez-faire and mixed economy. b. According to you, which type of economic system is most desira
a) Explain the perverse incentive. b) What makes the incentive perverse? c) How could the incentive makers better the incentive?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd