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!
Demand and Supply of Education
Educational needs and aspirations of a population measured in monetary terms constitute demand. If these needs and aspirations are felt, experienced and expressed by parents, their wards or consumers in general, then it is known as ‘private demand’. If the needs and aspirations for education are felt, experienced and expressed by a state, or an organised establishment of society, then it is known as ‘social demand’. Demand is also associated with the capacity to pay for the expected services.
A person willing to pay for a good or service is said to make an ‘effective demand’. In this sense, a wish is not a demand. While ‘needs’ are of current interest/relevance, ‘demand’ relates to the future needs estimated as required over a period of time. Technical know-how and skills needed for meeting the future needs constitute the ‘social demand’ for manpower. Private and social demand for education may be divergent. The state may want all its people to be literate and may be willing to spend for this. But illiterate population may not realise the benefits of education.
The experience of last five decades shows that all parents do not send their children to schools. This is particularly true in rural areas even though the government has opened schools in many such areas. In such a situation, the state strives to achieve higher enrolment in schools by adopting both motivative and coercive policies. While provision of mid-day meals, supply of free books/uniforms, etc. come under the former, the latter includes implementing laws on ‘compulsory schooling’. The supply of education can be viewed both in physical as well as in financial terms. Establishment of adequate number/type of educational facilities which is conveniently accessible to all sections of the society relates to the physical dimension of supply. The resources needed for the establishment of such a supply, measured in terms of money, constitutes the financial dimension of supply.
Due Diligence The investigative procedure an investor should conduct into the operations and business strategy assumptions of an organization soliciting investors.
what is iso-product curve
describe who gets hurt in a recession, and how.
If, for a specific project alternative, the discount rate equals the Internal Rate of Return, then the (discounted) Benefit Cost Ratio will equal unity (i.e., BCR=1.0). Define I
I wont final Exam
Mamun has a weakly income of 600 dollars. Price of chocolate is 5 dollar and price of potato is taka 10. Both are normal goods. Show the income and substitution effect for each of
Individual demand curves for two perfectly competitive market TC1=10q1+1/2q1^2+100 = firm 1 TC2=10q2+q2^2+100
AVOGADRO''S HYPOTHESIS In equal volumes of gases including all under similar conditions of temperature & pressure keeps equal number of molecules. Avogadro''s law and Applicatio
model of sylos labini
How have falling commodity prices affected many developing countries? Definition of commodities; raw material like copper, iron and bauxite; and agricultural goods like rice an
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: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd