Home Building Industry

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Title: Home Building Industry

Essay Details:

Subject: Book Reports

Author: Irene R

Date: May 9, 2013

Level: University

Grade: A

Length: 8 / 2119

Essay text:

The national economy of a country is affected by the home building in a number of ways and among those reasons the most evident is by employing the workers who actually form the structure. As the new home buyers usually purchase the items such as furniture and appliances, the home building provides a further spending that stimulates the economy. The price elasticity of demand in terms of economics can be defined as the responsiveness of the demand to change in price of the commodity. In other words, it can be defined as the proportionate change in the quantity demanded of a commodity relative to the change in its price...

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