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A profit-maximizing monopsonist will hire the quantity of labor where
Process Evaluation
This refers to the systematic collection of information about a program or project to understand how it is operating and to assess whether it is achieving its goals.
Impact Evaluation
Impact evaluation assesses the changes that can be attributed to a particular intervention, including what outcomes would have happened in the absence of the intervention. It focuses on the causality between actions and outcomes.
Process Evaluation
Analysis of the components and the implementation of a program, aimed at understanding how it operates and its effectiveness.
Outcome Evaluation
Assessment focused on the actual impacts or outcomes resulting from the implementation of a program or activity.
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