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Summary of Educational Financing
The unit began by making a brief reference to the linkage of educational development to poverty and income distribution. It then addressed the issue of public versus private funding in education.The trends in policies of education finance which reflect a gradual shift towards resource mobilisation and privatisation was then discussed followed by an outline of the principle and methods of cost sharing.
A brief comparison of inter-country practices on raising resources for education by a special tax and using the same for specified or earmarked purposes was discussed next. The argument that raising the educational expenditure to 6 per cent of GNP would serve the needs of all the levels of education well was based on the analysis and expert opinions of researchers and planners in the field.
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large firms charge the price which is higher than the small firms, contruct the diagram
GIVE AND EXPLAIN IN DETAIL,ARGUMENTS GIVEN TO EXPLAIN LEONTIEF''S EMPERICAL FINDINGS ON THE HECKSCHER-OHLIN MODEL OF TRADE.
Marginal Revenue, Marginal Cost & Profit Maximization * Determining profit maximizing level of output - Profit (π ) = Total Revenue - Total Cost - Total Revenue (R) = Pq
QUESTION 1 : What distinguishes Keynes' Liquidity preference Framework from Friedman's Modern Quantity Theory? QUESTION 2: Analyse the monetary policy tools that the Cen
What is Game Theory? Game Theory is a mathematical method of decision-making in which a competitive situation is examined to verify the optimal course of action for an interes
Arbitration The use of a third party to describe between two sides dead locked in a negotiation. The arbitrator's decision can be binding or not binding, as before agreed upon
During its current tax year (year one) a pharmaceutical company purchased a mixing tank that had a fair market price of $120,000. It replaced the an older, smaller mixing tank that
MONOPOLISTIC MARKET
1. What are the uses of elasticity to the public sector and private sector? (20 marks)
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