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Identify three key economic principles and use examples to discuss the extent to which these principles influence and underpin the work of the BS practitioner.
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Economics Identify three key economic principles and use examples to discuss the extent to which these principles influence and underpin the work of the BS practitioner. Building surveyors are a key asset in the construction industry and need to be well positioned and have an overall view of all economic factors that influence the construction industry in order to fufill their roles. We are going to look at key economic factors that affect their jobs and the construction industry. The UK economy is a very complex model and the work of a building surveyor can be greatly influenced by the state of the economy. In the UK, construction accounts for about 7% of the national output and can be used as a good indicator for the overall state of the economy. Knowledge of future demand for products and services is vital in the construction industry. Construction contractors will need knowledge of changes in...
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