4/17/2023 0 Comments Economix libreria ghandiParticular challenges for the industry, such as the frequency of disputes between firms and the low productivity of the sector, are shown to be the outcomes of a business model that tends to focus on the volatility of demand and managing risk at the expense of improving efficiency. They explore the many distinctive features of the economics of the industry, such as the use of cost-reduction rather than profit-maximizing behaviour, the processes of tendering and procurement, and the often cyclical nature of demand. It is also a highly fragmented industry with very low profit margins and a high risk of failure for the many firms operating in its complex supply chain.Stephen Gruneberg and Noble Francis present an up-to-date analysis of how construction markets operate, how firms collaborate on projects, and how their business models work. It contributes around 10 per cent of world GDP, employs 7 per cent of the global workforce, and consumes around 20 per cent of the worlds energy. The book ends by making the case that GDP was a good measure for the twentieth century but is increasingly inappropriate for a twenty-first-century economy driven by innovation, services, and intangible goods.The construction of housing, commercial property and infrastructure projects roads, bridges, tunnels, railways, airports for both the private and public sectors is one of the biggest industries in the world. The book explains why even small changes in GDP can decide elections, influence major political decisions, and determine whether countries can keep borrowing or be thrown into recession. The reader learns why this standard measure of the size of a countrys economy was invented, how it has changed over the decades, and what its strengths and weaknesses are. This entertaining and informative book tells the story of GDP, making sense of a statistic that appears constantly in the news, business, and politics, and that seems to rule our livesbut that hardly anyone actually understands.Diane Coyle traces the history of this artificial, abstract, complex, but exceedingly important statistic from its eighteenth- and nineteenth-century precursors through its invention in the 1940s and its postwar golden age, and then through the Great Crash up to today. financial industry show its fastest expansion ever at the end of 2008just as the worlds financial system went into meltdown? And why was Greeces chief statistician charged with treason in 2013 for apparently doing nothing more than trying to accurately report the size of his countrys economy? The answers to all these questions lie in the way we define and measure national economies around the world: Gross Domestic Product. economy increase by 3 percent on one day in mid-2013or Ghanas balloon by 60 percent overnight in 2010? Why did the U.K. 7466e2b3-5b7a-3ecf-87d1-0d4d4a7034ac GDP How GDP came to rule our livesand why it needs to changeWhy did the size of the U.S. The book ends by making the case that GDP was a good measure for the twentieth century but is increasingly inappropriate for a twenty-first-century economy driven by innovation, services, and intangible goods. How GDP came to rule our livesand why it needs to changeWhy did the size of the U.S.
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