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Demonstrations and examples or learning by seeing:
In the demonstration method the trainer describes and displays something and when he teaches an employee how to do something by actually performing the activity himself and by going through a step by step explanation of "why" and "what" he is doing. Demonstrations are very effective in teaching because it is much easier to show a person how to do a job then to tell him to gather instruction from the reading material. Demonstrations are often used in combination lectures pictures, text materials, discussions, etc. teaching by example is effective in mechanical operation and inters personnel relationships for job duties and responsibilities for informal group standards supervisory expectations and the like. Demonstrations are particularly effective in the training for the acquisition of skills but their usefulness is limited when it is a question of training management personnel. In a demonstration the emphasis is primarily on know how the principles and theory of a job must therefore be taught by some other method.
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Hypothesize the common short-run and long-run behaviors of the model in the industry you have chosen in a "market economy."
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