Notes | Construction Economics | Introduction

Micro vs. Marcroeconomics in short


Micro

Fast explanation of Supply and Demand



Macro 

Unemployment  

-1 loses a job, his income will be affected
-Many lose their job, the nation will be affected

When there is  no income, there will be lesser production and consumer purchasing power.
Economy to be seen as slow growth and little spending.


Fiscal Policy 

Expansionary vs Contractionary


-Government changes expenditure and tax rate to influence the country economy

For Construction Sector

-Upon Crisis, Government need to boost economy, Propose public infrastructure and transportation,
 this will stimulate investment and thus more jobs opening, Increase purchasing power of the  economy leading to recovery.


International Economics

The international difference in productive resources and consumer preference affects the economic activity and the international institution that affects them.

Absolute Advantage Vs Comparative Advantage 















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