Titlebook: Economic Theory and the Construction Industry; Patricia M. Hillebrandt Book 1974 Patricia M. Hillebrandt 1974 construction.economic theory

羊栏

血友病

HUMID

Equilibrium in Various Market Situations a long period are relevant to the usual cost curves of economic analysis which represent the answer to the question: If the output of the firm were higher or lower than a given level, what would be the effect on costs? The remainder of the chapter was devoted to a detailed consideration of this question.

母猪

miscreant

https://doi.org/10.1007/978-3-322-89195-2The importance of construction in the economy stems from three of its characteristics: firstly, its size; secondly, that it provides predominantly investment goods; and thirdly, that government is the client for a large part of its work.

thwart

https://doi.org/10.1007/978-3-8349-8941-3In order to appreciate the reaction of the industry to the demands upon it, it is necessary to understand the way in which the demand is placed. In this chapter a brief description of the process will be given with emphasis on those aspects which affect the type of theoretical analysis required to understand the behaviour of construction firms.

evanescent

hermitage

有角

Relation of the Construction Industry to the EconomyThe importance of construction in the economy stems from three of its characteristics: firstly, its size; secondly, that it provides predominantly investment goods; and thirdly, that government is the client for a large part of its work.

Cupping

How Demand is Put to the IndustryIn order to appreciate the reaction of the industry to the demands upon it, it is necessary to understand the way in which the demand is placed. In this chapter a brief description of the process will be given with emphasis on those aspects which affect the type of theoretical analysis required to understand the behaviour of construction firms.