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Techniques of Manpower Forecasting
Parnes, an American economist, observed that it is possible to assess the optimum number of educated manpower required for attaining specific targets of economic growth. The concretisation of this idea resulted in the form of several techniques of manpower forecasting. In one of its reports the UNESCO observed that during the reference year 1968, 60 countries were using one or the other type of manpower models for planning and providing education in their countries. Over the years, there have been improvisations/refinements in manpower forecasting.
As of now, five distinct methods used in this field have been identified.
1. Consider an individual facing a wage rate w . There's a total of 100 hours available for work or leisure in a week. (a) Represent his budget constraint graphically (b)
#limitations of time series analysis
This method is also known as Experts opinion methods of investigation. In this method instead of depending upon the opinion of buyers and salesmen firms can obtain views of the spe
Domestic Policy Failures: i) There is too much emphasis on "ownership" ownership of bad policies can lead to disasters. So, at times, the Fund and the Bank will need to be "p
Profit maximization is theoretically the most sound but practically unattainable objective of business firms. In the light of this statement critically appraise the Baumol’s sales
This problem continues the analysis from question 2. a.Another economic study finds that the marginal cost (MC) to farmers of nutrient runoff abatement is MC = .1Q. Graph this f
using the aggregate demand and supply model (x axis is national output and y axis is price level) if an economy is in a state of disequilibrium where supply is excess of demand u
show that the necessary and sufficient conditions for consumer equilibrium under both cardinal and ordinal utility theories are identical .
williamson''s model of managirial discretion
Value Added:Value added in a particular stage of production equals value of total output, less the value of intermediate products (comprising raw materials, capital equipment and o
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