Demand and supply considerations of education, Microeconomics

Assignment Help:

Demand and Supply Considerations of Education

Demand and Supply considerations for education are highly significant and useful in ensuring and promoting the ‘efficiency’ of educational expenditures. From a normative perspective, the study of supply and demand for facilities are useful in judging the ‘quality’ of educational expenditures. When the data on supply and demand for education facilities and educational expenditures are examined with reference to the diversity of population and their differential needs, it brings out the ‘equity’ concerns in the area of education. For example, it is observed that the transition rate of boys from lower to higher primary schools and higher primary to secondary schools is higher than that of girls. One of the reasons for lower transition rate among girls is that schools in general do not possess toilets for girls in adequate numbers. A programme of provision of toilets with sanitary facility for girls in schools would create a higher level of demand for education of girl students. Allocation of resources in such a manner as to boost the demand for education by those who are circumstantially left out of the system would imply a higher level of equity.

Likewise, differentials in demand are caused by factors such as the share of SC/ST population and minorities in total population. Further, all regions in a state or nation may not have comparable levels of educational development. Some regions may need preferential treatment in matters of investment in education so that the region as a whole benefits in terms of educational attainment. Such a consideration would result in the promotion of ‘regional parity’. It is quite well known that regional disparities in the development levels lead to social tensions. Such social disintegration needs to be countered with effective planning and development. Thus, the four major factors which are important in respect of the demand and supply considerations of education are: efficiency, quality, equity and regional parity.


Related Discussions:- Demand and supply considerations of education

Members quota in imf, Member's Quota in IMF  Quota represents the subs...

Member's Quota in IMF  Quota represents the subscription by a member country to the capital fund of the IMF. Quotas are fixed for each country, taking into account such factor

Determine the slutsky equation, Determine the Slutsky Equation. Income-...

Determine the Slutsky Equation. Income-Substitution Effect: The Slutsky Equation A fall into the price of a good may have two sorts of consequences: substitution effect, whe

Social cost, Social cost: Social cost of production refers to the cost...

Social cost: Social cost of production refers to the cost incurred by a society when its economic resources are used to produce a given commodity. The usage of a society’s res

Econ question, ref article :http://www.economist.com/news/finance-and-econo...

ref article :http://www.economist.com/news/finance-and-economics/21587795-if-congress-fails-lift-limit-americas-debts-consequences-are   a.assume that the debt ceiling crisis

Gdp components, study on internet will impact on gdp

study on internet will impact on gdp

Cross-price elasticity of demand, Cross-Price Elasticity of Demand is expla...

Cross-Price Elasticity of Demand is explained below: Cross price elasticity of the demand is the percentage change in the quantity demanded of a particular good, with respect t

Source of economic growth and development, Question: (a) Explain the fa...

Question: (a) Explain the factors that contributed to the adoption of structural adjustment programme by a majority of Least Developed Countries in the 1980s? (b) Describe t

World bank, WORLD BANK: The World Bank group is a partner in opening m...

WORLD BANK: The World Bank group is a partner in opening markets and strengthening economies. Its goal is to improve the quality of life and expand prosperity for people every

Wages, What is the difference between wages and salaries

What is the difference between wages and salaries

Regression methods, This is a very common methods of forecasting demand. Un...

This is a very common methods of forecasting demand. Under this methods a relationship is established between quantity demanded( dependent variable) and independent variables such

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd