Education and Economics Essay

I. Presentation: The customary hypothesis of human capital created by Becker (1962) and Mincer (1974) sees instruction and preparing as the significant wellsprings of human capital amassing that, thus, have immediate and constructive outcome on individuals’ life time income. In the Mincerian procuring capacity, the coefficient of school years shows the profits to instruction, I. e. , how much option in profit happens with an extra school year. There exists a wide scope of writing that assessed the paces of profits to instruction for various nations [Pascharapoulos (1980; 1985; and 1994); Pascharapoulos and Chu Ng (1992)]1. In Pakistan, a large portion of the broadly delegate family unit overviews don't contain data on factors, for example, finished long periods of tutoring, age beginning school, proficiency and numeracy aptitudes, nature of tutoring, and specialized preparing. Because of the inaccessibility of finished school years, one can neither process the potential experience nor watch the impact of an extra year of tutoring on singular income. In this manner, the accessible writing in Pakistan is inadequate in assessing the profits to training by utilizing the Mincerian acquiring function2. As of late, the administration of Pakistan has begun across the country study, Pakistan Integrated Household Survey (PIHS), to address the irregular characteristics in the social segment. This review ? The creators are Senior Research Economist and Research Economist at the Pakistan Institute of Development Economics (PIDE) Islamabad. 1 Pascharapoulos (1994) give a far reaching update of the evaluated paces of profits to instruction at a worldwide scale. He watched high social and private productivity of essential training (18%and 9% separately) in all areas of world. The private pace of profits at this level were discovered most noteworthy in Asia (39%) when contrasted with different districts. He likewise noticed an impressive increment in absolute income by an extra year of instruction in all locales of world; 13% in Sub-Saharan Africa; 10% in Asia; 12% in Europe/Middle East/North Africa; and 12% in Latin America/Caribbean. 2 At national level, just two examinations are accessible in Pakistan that utilized the Mincerian winning capacity way to deal with look at the profits to instruction [see Shabbir and Khan (1991) and Shabbir (1994)]. Nonetheless, both these examinations depend on twenty years of age informational index. 2 gives rich data on the previously mentioned factors that were absent in the prior family unit studies. This examination utilizes the information of PIHS to inspect the profits to training by utilizing Mincerian acquiring capacity and along these lines means to fill the vacuum that, because of the absence of fitting information, exists in the writing on comes back to instruction in Pakistan. In this paper we will initially evaluate the procuring capacity with consistent school a very long time with the supposition of uniform pace of profits for all school years. It is contended that distinctive school years confer various aptitudes along these lines we stretch out our investigation to inspect the expansion in gaining related with additional long periods of tutoring at various degrees of instruction, I. e. , how much increment in income happens with an additional time of tutoring at various levels, for example, essential, center, matric, transitional, single guys and experts. By doing so we conquer the difficult that exists in the accessible writing in Pakistan. As far as anyone is concerned no examination has yet received this technique to inspect the profits to training in Pakistan3. The effect of specialized preparing and school quality on the income of fixed salaried and workers will be inspected in this examination. In view of the accessible information in Pakistan, the vast majority of the examinations, for instance, Haque (1977), Hamdani (1977), Guisinger et al (1984), Khan and Irfan (1985), Ahmad, et al (1991); and Ashraf and Ashraf (1993a, 1993b, and 1996) evaluated the winning capacities by characterizing the fake factors for various degrees of education4. These examinations watch low paces of profits at various degrees of instruction when contrasted with other creating nations. Notwithstanding, a positive relationship between levels of training and profit and a converse connection between the level of salary disparity and instructive accomplishment has been noted. So as to look at the between 3 Most of the examinations on comes back to training in Pakistan utilized sham factors for various degrees of instruction where the paces of profits at various degrees of instruction are figured by the evaluated coefficients. 4 In Pakistan, the information on instruction in the majority of the broadly delegate family unit reviews have been accounted for in discrete structure that signifies the fulfillment of various degrees of training, for example, ‘primary yet deficient middle’, ‘middle and fragmented matric’, etc. 3 commonplace differentials in comes back to training, Shabbir and Khan (1991) assessed the Mincerian gaining capacity by utilizing a broadly delegate test, drawn from the of Population, Labor Force and Migration Survey (1979) for the educated workers and salaried guys. Later Shabbir (1994) evaluated the procuring capacity on the all-encompassing example of similar informational collection. These examinations discovered 7 to 8 percent expansion in income with an extra year of tutoring. In spite of the fact that the outcomes are predictable with those of practically identical LDCs yet may not mirror the ongoing improvements in Pakistan’s economy as these investigations depend on the informational index which are 20 years of age now. Since 1979, the economy of Pakistan has gone through different changes, particularly after the initiation of the Structural Adjustment Program in late 1980s. For instance, the education rate has expanded from 26 percent to 45 percent and enrolment at essential level has expanded by 67 percent. Open and family consumptions on training have likewise expanded [Economic Survey (1998-99)]. In addition, because of the monetary imperatives, the business openings in the open area have begun contracting and the economy is moving towards more receptiveness with more grounded job of private part as of late. In this situation, it gets basic to re-test the job of human capital as both private and open divisions are moving towards more proficiency and profitability. This examination is significant from three outlooks. In the first place, so as to gauge the impact of instruction on profit, the latest and broadly agent family review information is utilized which gives itemized data on the factors that were absent in past overviews. Second, it utilizes the splines of training in the procuring capacity to inspect the extra income related with additional school a long time at various levels. Third, this examination explores the job of some significant factors, for example, specialized preparing, school quality, and education and numeracy aptitudes on income just because. 4 The remainder of the paper is sorted out as follows: area 2 presents a diagram of the instruction part. Area 3 layouts the model for experimental estimation and depicts information. Area 4 reports the outcomes. Ends and strategy Implications are introduced in the last Section. II. The Education Sector in Pakistan: An Overview: Education assumes a significant job in human capital development. It raises the profitability and proficiency of people and along these lines produces gifted labor that is fit for driving the economy towards the way of supportable financial turn of events. In the same way as other creating nations, the circumstance of the training part in Pakistan isn't empowering. The low enrolment rates at the essential level, wide abberations among locales and sexual orientation, absence of prepared instructors, inadequacy of appropriate training materials and poor physical foundation of schools show the lackluster showing of this segment. The general education rate for 1997-98 was assessed at 40 percent; 51 percent for guys and 28 percent for females; 60 percent in urban territories and 30 percent in rustic regions. These rates are still among the most reduced on the planet. Because of different measures as of late, the enrolment rates have expanded impressively. Nonetheless, the high drop-out rate couldn't be controlled at essential level. Besides, under-use of the current instructive foundation can be seen through low understudy establishment proportion, (very nearly 18 understudies for each class per organization) low instructor organization proportion (2 educators for each foundation) and high studentteacher proportion (46 understudies for each educator). The very low degrees of open venture are the significant reason for the terrible showing of Pakistan’s instruction part. Open consumption on training stayed under 2 percent of GNP before 1984-85. As of late it has expanded to 2. 2 percent. Moreover, the distribution of government reserves is slanted towards advanced education with the goal that the advantages of open appropriation on training are to a great extent harvested by the upper salary class. A significant number of the exceptionally taught 5 travel to another country either for advanced education or looking for better openings for work. The vast majority of them don't return and cause an enormous open misfortune. After mid-1980s, every administration reported unique projects for the improvement of the training division. Nonetheless, because of the political shakiness, none of these projects could accomplish their objectives. The Social Action Program was propelled in mid 1990s to address the awkward nature in the social area. This program intends to upgrade instruction; to improve school condition by giving prepared instructors, training helps and quality course readings; and to diminish sexual orientation and local abberations. The Phase-I of SAP (1993-96) has been finished and Phase-II is in progress. The increases from the Phase-I are as yet disputable on the grounds that the ascent in enrolment proportion has not been affirmed by the free sources. Independent of this result, government has begun take a shot at Phase-II of SAP. In this Phase, government is giving uncommon consideration to advance specialized and professional instruction, extending advanced education in publ

Uniforms vs No Uniforms

Understudies at schools with authorized clothing standards carry on superior to understudies at schools without upheld clothing standards. They will in general be progressively taught, have more control, and have preferable habits over those understudies without upheld clothing regulations. Understudies with implemented clothing regulations will in general be more instructed than those understudies who go to schools without authorized clothing standards since they will in general go to class more. As per inquire about, understudies that have regalia have better participation since they don't need to stress over what they are wearing to class since everybody is wearing a similar style of apparel. Nobody is there to scrutinize them about how their shirt is terrible or how their shoes don't coordinate what they're wearing. One reason why understudies don't go to class is on the grounds that they don't have the correct garments to fit in or be cool and they would prefer not to get harassed by the â€Å"cool† kids. Another motivation behind why understudies with authorized clothing regulations are progressively taught is on the grounds that since everybody is wearing something very similar, they aren't stressed over who is wearing what. Since they don't have that on their psyches, they have more opportunity to stress over their training and give more consideration in class. Numerous understudies like to talk about what others are wearing. It might be in a positive manner or in a negative way. Be that as it may, in any case, the have their psyches involved on some different option from their classwork. Understudies who go to a school with upheld clothing regulation are bound to concentrate on their instruction since they are going to class to learn, not to stress over who is wearing the most recent garments pattern. Understudies will in general be progressively taught on the off chance that they go to schools that authorize clothing regulations since they have more request at their school. These understudies are requested to follow a specific clothing regulation and it is up to them on the off chance that they need to regard authority or not. The individuals who decide to tune in and go to schools with upheld clothing regulations are clearly more taught than the individuals who don't go to clothing regulation authorized schools. These understudies don't generally get into battles or disrespect their instructors. These understudies will in general be progressively aware to instructors and understudies since they are happy to adhere to the entirety of the school's principles. They tune in to instructors and set genuine models. It is said that children are better carried on when they are dressed flawlessly and unassumingly. Understudies that go to clothing regulation upheld schools have a bigger number of habits and class than those understudies that don't go to clothing standard implemented schools. The motivation behind why these understudies have more class is on the grounds that they realize how to dress individually. They don't circumvent town in shorts or jeans that hang beneath their undies. They aren't the sort of individuals that wear chest uncovering shirts. These understudies are aware and show a ton of class. Schools that uphold clothing standards will in general have less battles happen on their grounds. Their understudies are better carried on and have a bigger number of habits than understudies that go to a school where they don't implement clothing regulations. As indicated by examine, a ton of battles begin in light of the fact that an understudy ridiculed another understudy's garments. All things considered, if schools were stricter on what understudies were permitted to wear and possibly make the understudies wear garbs, these battle could never happen. There was a kid named Johnny who was shrewd. He got nothing lower than An in any of his classes. He was additionally athletic and appreciated playing sports. You would believe that everything was working out in a good way for him with the exception of the way that Johnny had no companions. The children at school would not like to be companions with him as a result of the manner in which he dressed. His folks couldn't bear to get him garments that were â€Å"in† so he didn't fit in with the â€Å"cool† kids. The children at school were too humiliated to even think about being seen conversing with Johnny, so they just stayed away from him. Johnny was continually getting singled out. The children at school would frequently call him names and drop his books in the passage to appear to be cool and fit in with different children who were doing it. Despite the fact that Johnny was athletic, he was consistently the last one to be picked when playing a game. Johnny turned out to be desolate and discouraged on the grounds that as a child, he never had any companions. He began loosen in school, done getting â€Å"A's†. He started to get â€Å"C's† and â€Å"D's† with a couple of incidental â€Å"F's†. He started to skip classes with the goal that he wouldn't need to experience the entire tormenting circumstance. He quit playing sports for they simply didn't bring him much bliss any longer. One day when Johnny was at the shopping center, he saw the pair of Levi's that everybody was wearing to class on a mannequin in a store window. He went in the store and gave them a shot. He cherished the way that he glanced in them and felt that on the off chance that he wore them to class, a portion of the children would imagine that he was cool and conceivably be companions with him. In any case, when he flipped over the sticker price and saw that the pants cost $39. 9, his expectations went down. He would never stand to purchase forty dollar pants. At that point a thought rung a bell. He believed that on the off chance that he took the pants without anybody seeing, at that point he could have them without paying for them. So Johnny left the store with the pants on trusting that nobody would take note. Shockingly, Johnny got captured. Security called his folks in and Johnny got chided by security. They revealed to him the results of taking and how he could wind up in prison. At the point when his folks arrived, they asked Johnny for what good reason he took the jeans and he came clean with them. At the point when they understood what was happening, they moved him to a school where the children needed to wear regalia. Johnny acknowledged how incredible his new friends were and adored the way that nobody was ridiculing him due to his style of garments. At the new school, Johnny turned into his typical self once more, getting straight â€Å"A's† and playing sports. The main contrast was that he currently had a great deal of companions. In this way, understudies who go to schools that uphold clothing standards are preferable carried on over understudies who go to schools that don't authorize clothing regulations. These understudies dress better, have better habits, and they show a great deal of control. Dissimilar to understudies who go to schools that don't uphold clothing regulations who have no control what-so-ever and who dress as they don't mind that they are going to class. By and large, instruction is significant and ought to be paid attention to very. Understudies ought to carry on and be conscious to all friends and educators. In the event that understudies will in general carry on better with authorized clothing regulations, than all schools ought to uphold clothing regulations. All things considered, how we dress does make a difference and it influences our presentation definitely.

12 Extreme Reasons Why People Unlike Your Facebook Page

12 Extreme Reasons Why People Unlike Your Facebook Page Make Money Online Queries? Struggling To Get Traffic To Your Blog? Sign Up On (HBB) Forum Now!12 Extreme Reasons Why People Unlike Your Facebook PageUpdated On 10/01/2016Author : I.G.PradeepTopic : FacebookShort URL : http://hbb.me/1Ob57Gj CONNECT WITH HBB ON SOCIAL MEDIA Follow @HellBoundBlogSocial networks are a huge part of our lives now, and they intervene with every aspect of our lives. The impact of social networks like Facebook makes it easier to be heard by people from all over the world, and we have seen how popular pages are like on Facebook, which makes us think and imagine having a page on Facebook. But not everyone can really have a popular page on Facebook, because a lot of people try fail, but with the right keys you can reach different types of audience. You should understand that people will unlike your Facebook page for many reasons that make your page less likeable, so make sure you understand the following and avoid it.1. Too much activityIf you open yourFaceboo kand you see a too many activities from a particular page, crowded on your wall like Abc123 this, Abc123- that, Abc123- here, Abc123 there and Blah, blah, blah? What would be yourintuitionsays first?2. Not Enough ContentDo you like to stay with the page with not enough content? NO, of course not! If people liked your page, they did so to see more of what you had to say or post, and they want to know more because they are interested, so keep posting but without over posting.3. Irrelevant contentNever post an irrelevant content on your fan page. For example, let’s say I liked a page for reggae music, why would I want to see this page posting about hip hop!4. Repetition of Same content became boring over timeOh, please stop that! Would it be pleasing if you hear that on your Facebook fan page? It would be annoying your visitors. Facebook updates or a post should be viral, not by the repetition of same content. It will be boring over time and it will lead to unlike your Facebook pag e.5. Posting Too Much of Self-PromotionalStuffDon’t make your fan page a junk yard where you post things that are both irrelevant and weird for your fans, instead make it like a Wikipedia or Google for your fans and reduce posting promotional stuff, because they like your page for a certain reason.6. Push MarketingPush marketing never works any more, People are smart now. This will just annoy people and make them look for another page that’s more like what they want and a lot less like what you are posting to them from push marketing.7. Not offering enough dealsIf you have a product and your fans are eager to buy, know that before they buy it from you they will look for it somewhere else to make sure that they are getting the best price, so why not offer them a lower price, or OFFER them different deals that they cannot refuse. This way they will spread your name and also get satisfied with your product.READ10+ Tips To Identify Fake Profiles On Facebook8. Dontbe a JERKSometimes, people will post things that you won’t like. Editing or deleting fan’s comments will just show you are a Jerk. It could kill your reputation, especially if you are trying to build one in a certain market. Try to accept negative comments as constructive criticism instead of getting all defensive about them.9. Promoting fake news/fake offersNever post or write any fake news or make a fake offer, it really makes your fans disappointed and it will make them just get OFF your page in a second. It will also kill your reputation, so make sure you are certain of the things you post, and that they are accurate.10. Never Spread Rumours Spreading rumours on particular group / person / company, will definitely hurt your fans if they are fans of that company / person / group. So never write any kind of news you are not sure of, or you will end up making enemies more than fans.11. Posting adult contentPosting adult content on your page really is very odd when you hold a good reputation in th e society, so never make yourself start posting these types of things or else you will be ruining your name by yourself, and losing the trust of many people. It may also get you in trouble with Facebook, because Facebook doesn’t allow adult content, so unless you are looking to get your page reported and shut down, I would recommend that you avoid posting adult content.12. Tagging members without their permissionYou have to remember one more thing, that you should never ever tag your friends or members without their permission. It will really hurt them if they don’t like the content they were tagged in, and it will annoy them that you are showing them in a certain way across Facebook among their friends.ARE YOU READY TO BE AN OWNER OF A POPULAR FAN PAGE?If you ask yourself that question after reading those annoying reasons that people unlike pages for, then you are ready. You will just need to focus on not doing these things, and you will have the fan base that get along with an d agree with you, without your fans having to deal with mixed feeling about your page from whether it is spam or something they actually like. So just avoid these things and I bet you’ll see better results on your page, as well.

The Universal Declaration Of Human Rights - 3323 Words

With the Universal Declaration of Human Rights (1948), the concept of human rights has gradually become one of the most commonly accepted universal norms, referred to in United Nations resolutions, national constitutions and regional and international treaties. Even so, human rights violations occur on an almost daily basis in countries around the world. The term seems to be at the forefront of contemporary political discourses, with its meaning at most times remaining unclear. In theory, human rights serve the sole purpose of protecting the inherent dignity of all representatives of the human family (UDHR 1948) However, there is much disagreement when it comes to theoretically justifying that each human being has rights by virtue†¦show more content†¦This will then serve as a basis for my main argument that human rights are socially constructed and do not exist outside of the realm of politics. This will then feed into the second part of the question where I shall discu ss the prioritisation of community values over an alleged universal foundation. Structure The first part of the essay will concern itself with a more genealogical approach by looking at early philosophical origins of human rights and how these evolved over the years. With this I seek to outline the fact that while efforts to institutionalise human rights were initially a reaction towards global injustice and oppression, in contemporary politics they are used to create power relations, and implicitly, inequality. This will provide a good basis for the second part in which I will look at the incompatibilities within the theory- religion versus Rawls consensus based theory. Analysing the multitude of frameworks with their different ways of approaching and grounding rights underlines and reinforces the fact that there can t be a universal foundation for human rights. The third part will deal with the fact that trying to ground rights into one universal foundation creates an exclusion of those who are different and how we can seek to move away from this problem. Natural Law and Natural Rights The origin of the modern rights discourse is that of natural law dating back to antiquity. Plato was one of the first advocates for a universal

Diversity Discrimination and Service Users - 1377 Words

UNIT 203 1. What is meant by Diversity Diversity simply means a variety of things. It is understood that each individual is unique, and recognising our individual differences. These can range from race, ethnicity, gender, sexual orientation, socio-economic status, age, physical abilities, religious beliefs, political beliefs. It is the exploration of these differences in a safe, positive and nurturing environment Diversity is about recognising, valuing and taking account of peoples different backgrounds, knowledge, skills, and experiences, and encouraging and using those differences to create a productive and effective educational community and workforce. 2. What is meant by Equality Equality simply means equal†¦show more content†¦On these occasions, if after dialogue and discussion their behaviour continues – you may have to take further action away from the incident or event. 7. Explain how you promote equality and inclusion in your work and how this helps to reduce discrimination Practices that support diversity, quality and inclusion to reduce the likelihood of discrimination may include encouraging everyone to express their views and have them listened to which in turn helps us to respect and celebrate peoples differences, promoting good practice valuing their individuality enabling them to be fully involved not only in their own lives but everyone around them. Also by having policies in place that all can read and follow within the setting , managers can go on and /or send staff on training to make them more aware of discrimination and what it is and ways that they could prevent it. 8. Which legislation and codes of practice relating to equality, diversity and discrimination apply to your own role There are various pieces of legislation in place to promote equality and reduce discrimination. 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Multiculturalism Has Had a Rough Start - 648 Words

Obama once said that a multicultural society shows strong economy and a strong country. But is it true? What about those who cannot integrate? What about all those people who look down at the immigrants and always blame them for the bad things there happening? And is it a strong society if it cannot provide its citizens? In Denmark we are having a hard time accepting our immigrants. We blame them for almost everything. But it is not our immigrants in general; it is primarily those from the Middle East. If the immigrants come from Sweden, France, England and so on, we have no problems with them. We do not blame them for those things there going bad, but why? Is it because of the cultural differences, or is it just easier to blame the Arabs after 9/11? In the UK and the US they have more success by integrating the immigrants, but they do as well experience the same problems with the immigration of Arabs. I believe that it is a result of the huge media covering of the terror situation in the world. And as long as the media are exhibiting people from the Middle East as terrorists there will be a general negative opinion about the Arab people, and therefore the accepting of the people from Arabian will be difficult. The problem with the immigrants is the missing integration of them in the society. But the Danes cannot be blamed for this, because the immigrants are trans-national. What I mean by that is very simple: the immigrants care more for the countries they escaped and theShow MoreRelatedIn an Essay Explain What Insights Are Offered Through an Examination of the Concept of Identity. 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Alternatives to Bureaucracy to Motivat Workers Essay Example For Students

Alternatives to Bureaucracy to Motivat Workers Essay There are many alternatives that are used to motivate workers beyond the conventional bureaucratic ways that was once thought of as the only way to control workers.Since the 1960s we have learned a great deal of information leading to the discovery of alternatives to bureaucratic organizations. Today, bureaucratic ideas are still widely used among organizations, however a shift in thinking occurred and the question was asked, What are the alternatives if bureaucracy it not working in an organization? Bureaucracies Defined:According to Max Weber, bureaucracy is the most efficient and most rational known means of exercising authority over human beings (Weber, p223). Further it is reliable, precise and stable, these are all terms that are desired for large complex organizations that need to control vast amounts of employees. Bureaucracy is based on legitimate authority, those that are being controlled by others; accept oppression as part of the work along. There are several characterist ics that mold a particular organization into following the bureaucracy model, such as, rules, hierarchy, salaried careers, written documents and appointment. These characteristics serve as a guideline, or an owners manual of sorts that has a preconceived effect for each cause with the organization. Even if bureaucracy is working to its full capacity within an organization, there can be times when is no longer efficient to use alone. Bureaucracy is still used within organization but usually in conjunction with an alternative. Agency Theory Defined:The goal of agency theory is getting people to do the best job for the best price and least amount of risk. One decision is to fill a sales district with representatives called external or with an employee sales force called internal (Anderson, p 234). An internal sales force is a company who uses their own employees to sell a product they have produced. They are employed by the organization and receive a salary, no matter if the product is successful or not. The externalized labor market consists of independent contractors who agree to sell the product for the company for this they receive a commission according to the amount of products sold. Companies who have greater difficulty in evaluating a salespersons performance are more likely to substitute surveillance for commission as a control device (Anderson, p 234). Internal sales forces are associated with complex, hard to learn product lines in which the selling districts expect nonselling activities. Advanta ges/Disadvantages:As stated above, direct sales people are employees of the company also called internalized labor. The major advantage to having this type of labor is that it is easier to control because they are integrated in the company. Another advantage to internalized labor is long term meaning employees stay in the organization, they want the security of working for a company that will pay them paycheck whether they have been successful in selling a product or not. Another benefit is keeping critical people that are key to the operations and/or have a specific knowledge of task. The disadvantages include costly overhead, metering costs and mediocre performance. It costs a company a lot of money to employee a full-time person along with benefits and a retirement. Employees expect some kind of security and loyalty from the company even in difficult times.All these costs do not guarantee that the employee will perform well; in fact, most employees do the minimum amount to receiv e a paycheck. To externalize labor means to outsource labor, which is done by on a contractual basis either by a large company specializing in a vast array of products or by an independent person. These outside agents are responsible for selling products for a company but are not part of the companys integration structure. They are not salaried but are employees working on a commission only basis. In fact, these representatives may sell several different products from many companies at the same time; they are focused on the buyers of these goods. The advantages to outsourcing the sales force include customer loyalty, low and stable costs and performance is evaluated by actual sales. These independent agents have a large customer base since they are peddling more than one companys products; they rely on these strong networks for present and future business deals. Again, when a company externalizes the labor costs remain low and are on a piecework type rate; one is only paid for what they sell. The downside of externalized labor is that the contactor focuses only on the commission, and does not offer guarantees to the products that they sell. Further, they can refuse to do any extra nonselling assignments, like conventions or extra paperwork. Some examples of independent contractors are Warner Lambert Co, Mary Kay cosmetics, Amway and Real Estate Agents. In which a commission is earned on product sales, in other words, pay is connected with performance. Conclusion:Transaction Cost or Agency theory is just one of many alternatives organizations have available as a way to control employees. The findings in this comparison of external and internal labor sources suggest that when a company is unsure of what their employee is doing, it is cheaper to use surveillance as a control tactic. If a company has general product that is not complicated, it may be more advantageous to outsource since control would not be as necessary. Many companies may use a combination of both internal and externalized labor, since risks may vary according to what is sold. If given the choice most of us would pick the internal labor side, because it is secure, dependable and predictable. Organizations must way the risks with control to decide the best way a job will get done with the minimal amount of employee control.