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!
Rule of Thumb Method
Sir Ashby had been requested in 1960 by the Government of Nigeria to submit a report on manpower development in Nigeria. In doing so, in the absence of reliable micro level data, Ashby assumed that high level manpower should grow twice as fast as the target of economic growth. Likewise, second level manpower should grow three times as fast as the target of economic growth. This ratio was suggested on the basis of the experience that high level manpower categories like engineers, doctors and other professionals will always be skewed at the top as compared to their important junior level functionaries like technicians, para-medical and other supporting staff at lower levels.
However, the relation of the production of manpower to targeted economic growth did not take shape in expected ways. This was because the assumptions made were not based on hard data. Hence it came to be known as the ‘Rule of Thumb’ method.
What is meant by labor force? In economics the labor force is the group of people who have a potential for being employed. Normally, the labor force having of everyone above
Inflation And Unemployment: Inflation describes a persistent and an appreciable increase in the general price level. The inflation rate is measured as a percentage change in a
Inflation is defined as
1. The figure below is historical production data from the Kuparuk River field. The OOIP is 5,332,979 Mstb and cumulative recovery through 12/31/2004 is 1,971,200,654 stb.
Economic Reforms and Foreign Investment Inflows: A major objective of economic reforms was to increase foreign investment, which helps to increase capital formation of the eco
How to use Demand and Supply tools to analyze the case of the Egyptian labor market?
The definition of a price maker is states as “firm with some power to set the price bcoz the demand curve for its output slopes downward”, that in effect, mean those firms with a d
Question: Explain the contribution of capital accumulation in the progress of an economy? Capital makes the technological progress of the economy possible. Different technol
herberler theory of opportunity cost
how to make attractive assignment on theory of supply
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