i want to find out like after a long recession, the construction industry is now undergoing robust growth, with high demand for built products
why must prices of built products be reined in?
and how can it be done
thx a bunch
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P
PeterD
After? It ain't started yet.
That's news to many. Certainly not everywhere
Again, where?
Who's reining them in?
Get a saw, hammer and nails and start building?
Or are you suggesting that the prices in the market place be controlled? In that case, not bloody likely.
Peter's Troll-o-Meter
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(Pegged the needle!)
H
hawgeye
Another homework assignment?
J
jloomis
M
Matt Barrow
Given the lucidity and coherrence of his entire post, he doesn't understand the terms, so...
yup, and i need help from experts so your comments are much appreciated!
let me rephrase
its a question on construction demand and supply with increase of construction demand leads to high prices of built products
so my questions are
1) Why must prices of built products be reined in?
2) How can prices of built products be reined in?
thx again
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Matt Barrow
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Ask your Econ 101 teacher.
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hawgeye
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You really should have paid more attention in class, then you wouldn't have to take the lazy and unreliable approach to having someone else do your work for you. Simple supply and demand should have been covered in the first week of any econ class.
A
Art
So everyone on welfare can afford the products.
Get the govt to step in and regulate things.
Then we can all be equally poor and equally miserable.
P
PeterD
(Remember this above line, it is an important part of supply and demand.)
Reined in by whom? The buyer? Or some form of (ill-advised) regulatory body?
Choose less expensive products?
>
M
Matt Barrow
1) Lower the demand.
2) Increase the supply of materials and labor.
3) Decrease the amount of onerous regulation and requisite "paperwork" (that only goes to featherbed bureaucrats).
Lets say if its a capable government that reined in the prices. Why do they do that
and secondly how can it be done
btw is rein's meaning similar to control/guide
thx
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R
Rick Samuel
There is one solution to high prices that ALWAYS brings the price down.
High prices!
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