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The Building Industry And The Economy

The Building Industry And The Economy

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Title: The Building Industry And The Economy

Essay Details:

Subject: Business

Author: Nichol M

Date: September 17, 2015

Level: University

Grade: A

Length: 9 / 2547

Essay text:

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). 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)...

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