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Essay

The Building Industry And The Economy

Essay specific features

 

Issue:

Business

 

Written by:

Tiffany S

 

Date added:

February 14, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

10 / 2547

 

Was viewed:

6300 times

 

Rating of current essay:

 
Essay content:

This paper will research the effects of price elasticity of supply and demand, negative or positive externalities, wage inequality, monetary and/or fiscal policies, and influences that can affect the industry in a negative way. The building industry is ever-changing due to the ever-changing economy. Principles of Economics (text book by Gregory Mankiw) states that quantity demand is that amount of goods consumers are willing or able to purchase (Mankiw, 2004)...
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Demand can be influenced by the amount of supply that is available, substitutes that are available, and most important the price of the goods or services (Mankiw, 2004). The demand in the building industry is affected by many things, foremost the costs of materials. From an article written by Michelle Mowad the overall costs of commercial construction is up 15 percent while lodging construction is up by 60 percent in the San Diego County area...
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