Construction Economics - 2366 Words

1|P ag e Introduction World Construction Industry is one of the biggest industries in the whole world. The contribution of this industry towards the global GDP revolves around one-tenth of the total amount. World Construction Industry is also a potential employment generator and provides work to almost seven percent of the total employed person in the whole world. The extent of this industry has become so vast that the energy, in the form of electricity or fuel, consumed by it hovers around two-fifth of the total energy consumed all over the globe. The resources that are utilized in World Construction Industry is also staggeringly high and itself consumes fifty percent of the total world resources. Macroeconomics Literature review†¦show more content†¦He finds that residential investment shocks are more important in the determination of GDP than non-residential investment shocks. These are the summery of previous analyses of the relationship between the construction business and macr oeconomic variables. Most of these studies have analyzed the manner in which macroeconomic variables influence comprehensive indexes of the construction business, such as residential investment, non-residential investment, and construction investment. 3|P ag e THE CONTRIBUTION OF THE CONSTRUCTION INDUSTRY TO THE ECONOMY Various writers and international bodies (Turin, 1973; World Bank; 1984, Wells, 1986; Bon, 1992) have addressed the role of construction in economic growth and development. One of the main features drawn from these works is the common assumption that directly relates the measures of the construction output with a country s stage of economic development. Furthermore, in this view, construction as a major component of a country s capital formation plays a determinant role in the process of economic growth Wibowo, Agung (2009) figured that the Output from the construction industry is a major and integral part of the national output, accounting for a sizeable proportion in the Gross Domestic Product (GDP) of both developed and underdeveloped countries. He further stated that for highly developed economies the value added of construction is in the range of 7% to 10%Show MoreRelatedConstruction Economics And Procurement : Assignm ent Essay2261 Words   |  10 PagesGary Russo - 20071900 - Construction Economics and Procurement - Assignment 1 We are dealing with an adapting building industry with increasingly new technologies and ways of working. And with these introductions challenging the national framework for the construction industry as well as the research which underpins it, Ever new challenges and opportunities are shaping the form and content of our buildings The British Research Establishment (bre) stated that now buildings will need to reflect andRead MoreTransaction Cost Economics in Construction Industry2299 Words   |  10 Pagesif the transaction fail. Such situations are rare in construction, and are probably limited to the more demanding civil engineering projects (Reve and Levitt, 1984) and high performance specifications in areas such as building services. For instance, most large infrastructure contractor would invest in batching plant/ on-site concrete mixer, which allow specialty concrete mixtures to be developed and implemented on respective construction sites, instead of buy from ready mix concrete manufacturingRead MoreHow A Construction Industry Has A Direct Role Of Socio Economic Development2119 Words   |  9 PagesA construction industry has a direct role in socio-economic development. By constructing facilities and infrastructures, it provides the basis for other sectors like agriculture and manufacturing to grow. Afghan construction industry is among success story of reconstruction process of Afghanistan that began in 2001. Afghanistan construction industry is developing and has the capacity to reach to self-suffic iency. Their interaction with US Army Corps of Engineers (USACE) for more than 15 years familiarizedRead MoreThe Forecast Of Construction Industry993 Words   |  4 PagesForecast of Construction Industry At the present time, China’s government has focused it policies on projects and reforms, offering China considerable urban infrastructure opportunities. This means that it is expected that China’s expenditures in construction will continue to grow through 2019, powered by an increase in urban population, continued industrialisation, expanding foreign investment and rising personal income levels. In addition to this, ‘the government’s effort to sustain growthRead MoreFactors Affecting The Construction Industry Essay1711 Words   |  7 Pages1.0 Introduction The construction industry much like other industries is dependant with the distribution of â€Å"scarce resources† (Drake,1994). Many of its resources known as the factors or production i.e. labour, capital, land etc. are limited (Gregory-Mankiw, 2008), however, wants and desires within the industry are infinite (Myers, 2013). Kishtainy notes that this creates two problems; at any given time, there will be a fixed number of resource, against numerous wants. Sloman 2003 adds that in anRead MoreEssay On Construction Management1057 Words   |  5 Pagesstudents in the construction management discipline., the three types of research that will be described in this paper are scholarly journals, trade journals and popular magazines, these will also be accompanied with examples of a research topics. Students can use these researching strategies for the following: essays, lab reports, reviews, and annotations. Knowledge of these resources will ensure success in the program. Sustainability is becoming an ongoing trend in construction. This word in referenceRead MoreThe Importance Of Architecture1512 Words   |  7 Pages In everyday life, most people experience the work of Architects in many forms, like a school, or perhaps a house. However, architecture is much more than just the design of buildings and houses. It is a vital part of the construction process, which is a main component of the Gross Domestic Product, and can effect or be effected by local or national economies. Its importance is undervalued in the workforce, and its effect on the economy is underrated. Architecture is effected by the amount ofRead MoreEconomic, Social And Environmental Change Essay1457 Words   |  6 PagesIntroduction Economic, social and environmental change is inherent to development. Whilst development aims to bring about positive change it can lead to conflicts. In the past, the promotion of economic growth as the motor for increased well-being was the main development thrust with little sensitivity to adverse social or environmental impacts. The need to avoid adverse impacts and to ensure long term benefits led to the concept of sustainability. This has become accepted as an essential featureRead More1.1 General Construction labour productivity has become big problem in construction industry. In700 Words   |  3 Pages1.1 General Construction labour productivity has become big problem in construction industry. In many countries, labour cost comprises 30 to 50% of the overall project’s cost (Yates and Guhathakurta, 1993), and thus is regarded as a true reflection of the economic success. Because construction is labour-intensive industry, significance of this effect not only justifies the concern over its labour productivity, but it can also be argued that labour power is the only productive resource. There areRead MoreA Report On New Zealand Essay829 Words   |  4 Pagescountry with a population of 4.4 million. Auckland is the country’s largest city with a population of 1.4 million people. It is one of the fastest-growing cities in Asia-Pacific, the on-going population growth in the region will continuously generate economic growth over the short-/medium term. Statistics suggest that Auckland requires between 9000 and 11000 new dwellings every year to meet the latent demand due to population growth. Auckland has a particularly significant issue on housing affordability

Book Review On Modern Romance - 1186 Words

Book Review on Modern Romance Inspired by his own romantic woes, comedian Aziz Ansari teamed up with sociologist Klinenberg to conduct a sociological research project to better understand the dating game as how it s played today and turned it into what is now titled, Modern Romance. The two conducted surveys and set up a discussion forum on the social networking site. They also interviewed experts, and used academic studies about current dating trends that lead them to their findings and conclusions. Ansari’s inspiration for this book came from a lady referred to as Tanya. Tanya, was a lady Ansari hit it off with at a mutual friend’s birthday party. He invited her over to have drinks and they spent the evening listening to the band Beach†¦show more content†¦With the help from the internet and online dating and social apps such as Tinder young adults are drowning in choices, and the idea that if they look hard enough they will find their â€Å"the one†. Taking into consideration Aziz Ansari’s professional background as a well-renounced actor and comedian, it is evident he did not have any credible knowledge on the topic of romance. He decided to team up with sociologist, Eric Klinenberg to design an extensive research project on modern romance. Their project consisted of collecting primary data from focus groups composed of hundreds of middle-class people located in New York City, Los Angeles, Wichita, Monroe, Buenos Aires, Tokyo, Paris, and Doha. Ansari and Klinenberg interviewed these people and had personal conversations about the interviewees’ romantic lives. Some were even willing to share their phones in order to analyze their interactions through text, e-mails, dating sites, and swipe apps such as Tinder. Another focus group Ansari and Klinenberg interviewed were eminent sociologist, anthropologist, psychologist, and journalists who dedicated their careers to studying modern romance. Ansari and Klinenberg also c reated a massive online focus group by creating a subreddit forum on the website, Reddit. Here they were able to post questions and receive thousands of responses from all around the world. This focus group is referred to as â€Å"the subreddit†. This is the first time the siteShow MoreRelated The Romance Novel Marriage Essay1327 Words   |  6 PagesThe Romance Novel Marriage From the moment they saw each other they knew they were the perfect pair. They knew instantly that the other was their soul mate. It was love at first sight. This knowledge is followed by amazing sex. Then the ecstatic couple gets married and lives Happily Ever After. Im talking about the modern day adult fairy tale, also known as the romance novel. Ive been reading these novels since I was in the seventh grade. My first one was titled Bitter Sweet, written by LaverleRead MoreThe Impervious Perception of William Shakespeare’s Twelfth Night1631 Words   |  7 Pagesdevices that are used in modern comedies today, such as topsy-turvy romance, foolery, and mistaken identities. Twelfth Night also involves many cultural aspects that would be tough for an audience today to relate with. Some of these ideas are social class, dialect, and lack of modern technology that affect our lives today. Shakespeare appeared ahead of his time since this comic play can relate to an audience of mode rn times, but it poses some obstructions for the modern audience to appreciate itRead MorePost-Modern Victorian: A. S. Byatts Possession1439 Words   |  6 PagesPost-Modern Victorian: A. S. Byatts Possession If I had read A. S. Byatts novel Possession without having had British Literature, a lot of the novels meaning, analogies, and literary mystery would have been lost to me. The entire book seems one big reference back to something weve learned or read this May term. The first few lines of chapter one are poetry attributed to Randolph Henry Ash, which Byatt wrote herself. Already in those few lines I hear echoes of class, lines written inRead MoreThe Fantasies of Don Quixote Essay1263 Words   |  6 Pages but it has been said that Sheltons translation has a charm that no modern translation has because he belonged to the same generation as Cervantes the author of Don Quixote. He could see things as Cervantes saw them. Cervantes life had influence on Don Quixote. He could look back on his ancestry of genuine knights-errant. He had a strong feeling on the subject of the sham or false chivalry of the romances. Cervantes says, any point of view affords only partial insights, evenRead MoreAnalysis Of Bieiris De Romans And Na Maria820 Words   |  4 Pages75, 132, 176 short book containing poems from female troubadours. 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However, as Tracy Hargreaves states in the Feminist Review, this is not the case; â€Å"Kay’s depiction of the relationship of Joss and Millie portraysRead MoreThe Evolution Of Marriage : Private Relationship Or Pubic Policy1668 Words   |  7 Pages29 April 2015 Historiography Paper The Evolution of Marriage: Private Relationship or Pubic Policy From the popular 1960s televisions series â€Å"Father Know Best† depicting the perfect traditional family, to the 2011-2012 Best Comedy Series â€Å"Modern Family,† the idea of how marriage is portrayed in the United States continues to evolve. The evolution of marriage extends beyond the private relationship between two people, into the public domain where societal norms, legal restrictions, and publicRead MoreMarvel Comics Research Paper1053 Words   |  5 Pagesthe nuclear bomb. As Nazi Germany s shadow fell over Europe, it appeared the planet was on the edge of demolition. Who might save us? 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English for Drivers of Technology Currently- myassignmenthelp.com

Question: Discuss about theEnglish for Drivers of Technology Currently. Answer: Mobile applications together have become the drivers of technology currently. These apps and programs are capable of accomplishing a number of system operations on the users device. They can be utilized for performing illegal activities as well. For this reason, all mobile apps and software programs must be under a body that regulates their usage in order to get rid of cybercrime activities being conducted using the same devices (Dahlke, Fair, KHong, Beaudoin, Pulczinski Ory,, 2015). Any entity that uses mobile devices and other software infrastructure needs to set up access control limitations on the devices in order to block unauthorized individuals from accessing the private data. Individuals too must ensure that any application and software they are using comes from a verified source so get rid of virus attacks, botnets, and other cybercrime issues. Individuals using mobile apps also need to disable the location identifier in order to guarantee that no one is able to isdentity your location very easy. The utilization of these apps for sure eases the day to day processes of communications and solves other problems. When these applications are used correctly, there will be rare incidences of data breach a d theft. According to my own analysis, these apps should never get out of the market and any society today needs them all the time (Nilsson, Todsen, Subhi, Y., Graumann, O., Nolse, C. P., Tolsgaard, M. G. (2017). To talk to a fried, you must use an app, to send a file through the internet, you must us e an app. Furthermore, 90 % of all business all across the world have implemented technology in the banking system. Every society therefore needs to be at reach to mobile apps and or computer software in order for all its operations run smoothly. References Dahlke, D. V., Fair, K., Hong, Y. A., Beaudoin, C. E., Pulczinski, J., Ory, M. G. (2015). Apps seeking theories: results of a study on the use of health behavior change theories in cancer survivorship mobile apps.JMIR mHealth and uHealth,3(1). Nilsson, P. M., Todsen, T., Subhi, Y., Graumann, O., Nolse, C. P., Tolsgaard, M. G. (2017). Cost-effectiveness of mobile app-guided training in extended focused assessment with sonography for trauma (eFAST): a randomized trial.Ultraschall in der Medizin-European Journal of Ultrasound,38(06), 642-647.