Economics and International Trade - Assignment

Added on - 21 Feb 2021

  • 14

    Pages

  • 2670

    Words

  • 10

    Views

  • 0

    Downloads

Trusted by +2 million users,
1000+ happy students everyday
Showing pages 1 to 4 of 14 pages
Economics andInternational Trade
Table of ContentsINTRODUCTION...........................................................................................................................3MAIN BODY...................................................................................................................................31. Industry background...............................................................................................................32. An analysis of market structure..............................................................................................43. Determinants of demand and supply......................................................................................64. Demand elasticity....................................................................................................................85. A recent event that has substantial impact on construction industry......................................9CONCLUSION.............................................................................................................................11REFERENCES..............................................................................................................................12
INTRODUCTIONEconomics is a term that represents a study of social science which is related to howpeople put scarce resources for production, distribution and consumption individually andjointly. It has two branches; one deals with the aggregate behaviour of national economy,regional economy while other deals with the behaviour of individuals. The present report willhighlight the scenario of construction industry in UK, the type of market in which the industryexists, determinants of demand and supply for industry's product or services. Further, the reportwill show the elasticity of product or service. VINCI construction is construction , civilengineering and facilities management organisation. The entity is a subsidiary of VINCI groupbased in France. In UK, the company has employed over 9000 employees.MAIN BODY1. Industry backgroundConstruction is that sector of economy which is concerned with preparation land,modifications, construction, repairs of structures and other property. This industry is a significantreflection of nation's overall economy(Kuifengl, 2015). UK's construction industry accounts forabout 6 % that is around£113billion of the country's total GDP. The construction output of thecountry contains a quarter of construction output from public sector while remaining threequarters from private sector. The construction industry mainly has three areas such as :social and commercial which is around 45 % of total construction activities,Residential which is 40%Infrastructure which is 15 %.
desklib-logo
You’re reading a preview
Preview Documents

To View Complete Document

Click the button to download
Subscribe to our plans

Download This Document