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Summary of Educational Financing
The unit began by making a brief reference to the linkage of educational development to poverty and income distribution. It then addressed the issue of public versus private funding in education.The trends in policies of education finance which reflect a gradual shift towards resource mobilisation and privatisation was then discussed followed by an outline of the principle and methods of cost sharing.
A brief comparison of inter-country practices on raising resources for education by a special tax and using the same for specified or earmarked purposes was discussed next. The argument that raising the educational expenditure to 6 per cent of GNP would serve the needs of all the levels of education well was based on the analysis and expert opinions of researchers and planners in the field.
b) Sally’s firm produces granola bars with a fixed cost of 10 (this cost is already sunk). Her variable cost function is VC = q2 + 2q. Assuming the market for granola bars is comp
Slutsky Theorem - Mathematical Presentation: We already know from the first order conditions of utility Maximisation that, where D ij is the co-factor of the ith ro
Monopoly is that form of market where there is only one firm producing a particular product. Being the sole supplier, the monopoly firm has the power to control prices and output t
Liberalisation of the Economy: Removal of Industrial Licensing: All industrial licensing was abolished but for a shortlist of 18 industries related to security and strategic
Illustrate the roles of mathematics in modern economics? Roles of Mathematics in Modern Economics: Mathematics has become a significant tool into modern economics. Mostly
How has the haberler''s theory of opportunity cost an improvement over the classical theory of trade
What is the Molarity and Normality of the ferrous ammonium salt ? For exam....196 gm (initial)
Q. What is Climate Change? Climate Change:As a consequence of cumulative emission of carbon dioxide (a by-product of fossil fuel use) and other chemicals over past two centurie
Domestic Policy Failures: i) There is too much emphasis on "ownership" ownership of bad policies can lead to disasters. So, at times, the Fund and the Bank will need to be "p
Production Function Models
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