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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.
write down the assumotions and importance of game theory
Division of labour: Division of labour involves dividing a production process into a number of smaller tasks for each task to be undertaken by a different worker. It may also be
Consider what would happen if a taxes of 10000$ was imposed on imported automobiles on dealers.Using a demand and supply diagram, show its impact of price and quantity. Suppose the
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Arc Elasticity is defined below: Arc elasticity measures/calculates the "average" elasticity between two points on the demand curve. The formula is simply given as (change in q
What does the IS-LM framework mean? The IS-LM model helps us to understand the two opposing theories. The IS (investment/saving) curve shows equilibrium in product markets. Th
According to the Linder theory ,trade will occur in goods that have overlapping demand. With aid of a graph ,illustrate this theory and its implications
The law of supply is that producers will supply more the higher the price of the commodity. The supply curve is an upward sloping function showing a direct relationship among pric
Commodities that are viewed as luxuries typically have price elastic demand, and commodities that are requirements have price inelastic demand. There is easily no substitute for a
what is an iso curve
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