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Essay specific features

 

Issue:

History

 

Written by:

Don M

 

Date added:

December 3, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 566

 

Was viewed:

951 times

 

Rating of current essay:

 
Essay content:

If this decreases we would see an increase in the amount people are saving. During a boom people would be spending money, but in a recession they will save- less people will be buying houses so the demand is decreasing. Similarly, if the 'X' Exports of goods and services decreases for example,and export sales from the UK decrease, production in exporting industries will decrease, so the national output and also the incomes of those people who work in these industries decreases...
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However, due to the recession the prices are decreasing, so there is less 'Investment' into property. House prices are now becoming unaffordable to the first time buyers. It is becoming increasingly difficult for first time buyers to get on the property ladder. This is mainly due to the rise in house price to income ratio...
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