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Concepts of Education and Economic Development - Education
Education has a very broad connotation. It is not to be straitjacketed with schooling. Any experience of life that results in learning is education. Learning may be characterised either by modification of behaviour or a change in thinking style. Schooling is a planned and organized learning process. The skills transmitted by an agriculturist to his offspring, by an innovative farmer to his fellowmen, by a mother to her children are also a form of education that may result in directly productive and tangible experiences or lead to the development of desirable habits of life.
This is termed as informal education. Knowledge and skills developed in training programmes, apprenticeship programmes, adult education centres are also not like formal schooling. Still they are educative and contribute to economic growth. They are known as non-formal education. Formal education is normally referred to the programmes of school and college education.
Basics of Theory of demand: The most famous approach in the history of consumer behaviour, after indifference curve approach, is the revealed preference approach. In the revea
Q=10-2P,PRICE DECREASE FROM RS 3 TO 2
The State of Confidence in Conventional Judgements : While individuals fall back on conventions to guide their behaviour in the face of uncertainty, they are also aware that th
At a market price of $21 a toy, what quantity does the firm produce in the short run and does the firm make a positive economic profit, a zero economic profit, or an economic loss?
Question 1: i) Elaborate on how CPI is used to calculate inflation and what are the limitations of such a measure? ii) Growth is always beneficial. Discuss iii) Explain
define real and nominal wages
If the short run method to produce Q quantity is with full time workers L=0.025*Q, COST OF WORKER IN THE SHORT RUN IS w=20226.154, how do you derive the value of Q
i when should continue to produce in the short run
why does economist agree or disagree?
State trading is often associated with canalisation. Canalisation means estaolishment of state monomply in foreign trade. In other words, an item that is canalised can be imported
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