-It provides planners with useful information about the link between education and the labour market.
-The issue of trying to produce labour force according to the needs of the economy solves the problem of shortages and oversupply of various types of manpower.The approach thus reduces the gaps and imbalances in educational output pattern against the jobs available.
-It is a useful tool for holistic planning/macro-planning in the sense that we plan for the whole economy rather than for some particular region.
-It gives useful guidance on educational attainment/qualification of the labour force highly needed by the economy thus acts as a link between training institutions and labour market.
-The approach aims at self-sufficiency in manpower resources since it aids in construction of occupational pyramid of labour force.
-The approach assists in maximizing socio-economic growth for 2 reasons;it provides exactly what the society and the economy requires in order to achieve increased economic growth; it avoids wastage of resources on educating a surplus labour
-It gives educators useful guidance on how roughly educational qualifications ought to be developed in the future.
johnson mwenjera answered the question on March 13, 2018 at 17:12
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