Economics for Business Assignment - (Sample)

Running head: ECONOMICS FOR BUSINESS
Economics for business
Name of the Student:
Name of the University:
Author notes

1ECONOMICS FOR BUSINESS
Executive summary:
To conclude it will provide a summarized overview of the analysis and state the final words
regarding the researchable. UK is one of the most developed economy in the world that has
faced large amount of immigration over the time since industrialization. With ever rising
number of the population in the country, UK has effectively truncated various economic
factors in order to provide its economy a sustainable growth. This report is meant to analyze
various factors that has contributed substantially to determine the price of the houses in the
economy. In addition to this, it will portray how the housing policies from the UK
government has affected the housing sector. From the analysis it can be seen that there has
been various factors that has led to fluctuation in the economy of the country as well as in the
housing sector too. Now, when it comes to the impact of the UK governmental scheme for
houses, then it can be seen that the schemes has been beneficial during the initial days. Thus
to conclude the analysis it can be stated that the housing sector of the UK has faced various
fluctuation over the time and though there has been governmental schemes to gauge the
situation, they have failed to provide required stimuli to the market.

2ECONOMICS FOR BUSINESS
Table of Contents
Introduction:...............................................................................................................................3
Factors that determine the price of houses from 2006 to 2016:.................................................3
Growth rate GDP:..................................................................................................................4
Rate of unemployment:..........................................................................................................5
Buyer’s confidence:...............................................................................................................6
Affordability of houses:.........................................................................................................8
Prevailing market interest rate:..............................................................................................8
Demand pull in the market:....................................................................................................9
Impact of UK governmental scheme in housing market:.........................................................11
Starter Homes:......................................................................................................................12
Shared ownership:................................................................................................................12
Help to Buy:.........................................................................................................................12
Conclusion:..............................................................................................................................13
Reference:................................................................................................................................14

3ECONOMICS FOR BUSINESS
Introduction:
UK is one of the most developed economy in the world that has faced large amount of
immigration over the time since industrialization. With the higher amount of growth
depending upon the colonization economy, the country has become where it is now.
According to the Favell (2016), UK is one of the nations that faces highest amount of
immigration and it has made the housing sector to grow to a large extent. With ever rising
number of the population in the country, UK has effectively truncated various economic
factors in order to provide its economy a sustainable growth. One of the most prominent
sector that has faced largest amount of growth since the country started to cannonballing its
growth rate is the housing sector (Boquet 2017). However, since the last decade it has been
observed that there has been various fluctuations in the housing sector in the economy. This
report is meant to analyze various factors that has contributed substantially to determine the
price of the houses in the economy. In addition to this, it will portray how the housing
policies from the UK government has affected the housing sector.
Factors that determine the price of houses from 2006 to 2016:
UK being one of the developed nations always used to face high amount of
immigrants and the multifaceted factors faced by the UK economy, various researches has
argued that there were various factors that caused the fluctuation in the housing sector of UK
during the 2006 to 2016. According to the researchers like Wilcox (2014), 2006 to 2016 can
be considered as one of the best time for the UK housing society that caused both the highest
growth and highest fall in the UK housing sector over the last five decades. Various factors
that aided to determination of the UK housing prices from the given time period are as
follows: