Construction Economics Assignment 01 B. Anushka Priyamal CSCT2014498 1 Acknowledgement Firstly‚ I would like to offer my special thanks to our Construction Economics lecture Dr. Nirodha Fernando who gave the knowledge about Construction Economics subject and given advice and guide to finish this assignment. I would also like to offer thank for the staff of the CSCT campus and CSCT librarians who gave books and lab facilities in this attempt. Finally‚ my heartfelt thanks are also offered my parents
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Basic Economic Concepts Basic Indicators The following basic economic indicators are important to understand: * Gross Domestic Product (GDP) - is the total amount of all goods and services produced in the country. This includes consumer spending‚ government spending and business inventories. Real GDP is a variant that takes out the impact of inflation‚ so that GDP can be compared over time. Real GDP is the basic measure of business activity and tracks the business cycle. * Consumer Price
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The basic economics of markets 1.7 Introduction Economic analysis is useful because of the importance of economic issues in the business environment. Anyone who has lived through the 2008-9 world recession can scarcely doubt how much we are all affected by these issues. Economic theories often use simplifying assumptions. Two of the most common assumptions are (a) that producers and consumers make rational decisions and (b) that we can change on factor whilst leaving everything else constant
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12 Basic Principles of Animation 1. Squash and Stretch The most important principle is "squash and stretch"‚ the purpose of which is to give a sense of weight and flexibility to drawn objects. It can be applied to simple objects‚ like a bouncing ball‚ or more complex constructions‚ like the musculature of a human face. Taken to an extreme point‚ a figure stretched or squashed to an exaggerated degree can have a comical effect In realistic animation‚ however‚ the most important aspect of this principle
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The study of economics is vital as it provides an understanding of how the world works. It is the study of how people choose to use resources to improve their well-being. According to Samuelson (1948) “Economics is the "study of how societies use scarce resources to produce valuable commodities and distribute them among different people.” This paper will outline the 10 key principles of economics. These principles are grouped into the three 3 categories of “How people make decision”‚ “How people
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ROLE OF CONSTRUCTION IN ECONOMIC DEVELOPMENT Provides for economic development and expansion of economic activities Major consumer of physical and natural resources Produces waste Pollutes environment BUILDING MATERIALS “You employ stone‚ wood and concrete and with these materials‚ you build homes and places: that is construction” – Le Corbusier Attitudes Towards Building Materials Possibilities and appropriateness Attitudes Efficiency of use (engineering point of view) Adequacy
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Lean construction is an efficient way to design production system in order to eliminate the waste of material‚ time and bring more value to the project. The article used the example of Toyota production system to explain the lean construction. The engineer Taiichi Ohno’s pursuit of perfection and his redesigned production process reduced the cost and improved the value of the new production system. The article compares the lean construction with current practice in Toyota. As the result they
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Principles of Agricultural Economics Lecture no.1 Economics – Meaning‚ Definitions‚ Subject matter of Economics – Traditional approach – consumption‚ production‚ exchange and distribution ECONOMICS Economics is popularly known as the “Queen of Social Sciences”. It studies economic activities of a man living in a society. Economic activities are those activities‚ which are concerned with the efficient use of scarce means that can satisfy the wants of man. After the basic needs viz.‚ food‚ shelter
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NATIONAL LAW INSTITUTE UNIVERSITY BHOPAL PROJECT ECONOMICS-I MARKET STRUCTURE OF TELECOM INDUSTRIES IN INDIA EONOMICS-I Table of Content: Introduction Objective Review of Literature Structural Evolution of the Indian Telecom Industry: Telecom Sector in the Pre-liberalisation Era (1980-1990) Telecom Sector in the Post-liberalisation Era Current Structure of the Indian Telecom Industry Public Sector Private Sector Change in Market Share Segments in the Telecommunication
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population‚ but at the price of reducing the participation of the population in the working process. Labor: Skill level of the human capital is an important determinant of productivity. Highly qualified employees would result into high productivity. 2 In what ways is your (soon-to-get) MBA degree a form of Capital? The (soon-to-get) MBA degree is a form of capital from the perspective of knowledge and skills that is has allowed us to harness. While simultaneously being employed allows us to practice our
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