Study of Macro Economics
Study of Economics can be divided into two parts:
In this article, we are going to discuss various terms related to Micro Economics. Check out the brief on “Macro Economics and Micro Economics“.
Here is the list of terms we are about to discuss in this article:
- Demand and supply
- Inflation
- Interest rate
- Employment
- Savings and Investments
- Monetary Policy
- Fiscal Policy
Demand and Supply
At national level, this depends on the government policies. How different building activities and infrastructure are planned and budgeted. Taxation polices, direct and indirect tax, allocation of funds for housing for the weaker sections in Five Year plans.
Inflation
This aspect depends on how effectively the government can control inflation by exercising control over general price rise and building materials, effective tax collection both at central and state level, maintaining equilibrium in demand and supply, earning foreign exchange. The increase in oil prices invariably increase the cost of living in all walks of life including building industry.