Question

rate of returns approach in education planning​

Answer 1

Answer:

Rate of Return Approach: This is another well-recognized approach that planners adopt during macro-level manpower planning. RRA is based on the calculation of the net returns on educational expenditure. Earning of any individual is likely to increase on receiving education.

Answer 2

Answer:

The rate of return approach simply says that expanci the educa tional sytsem to the point where, taking into account' all social costs and benefits, the net present value of the education of the last man educated falls to zero or until social rate of return becomes equal to social discount rate. 

Explanation:

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