WebNov 26, 2024 · Building Economics seeks to ensure the efficient use of resources available to the industry and the rate of growth of construction in an efficient manner. 3. Building economics includes the study of: 1. Client’s requirements 2. Possible effects of surrounding area 3. WebJan 16, 2016 · It shows that demand is inversely. proportional to price while supply is directly. proportional to it. Demand for built facilities i.e. constructed. space comes from 1st order primary needs. for shelter to the higher order needs for. production of goods and services. 10. Relationship btn demand & supply.
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