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Introduction To Building Economics

The document discusses issues around development disparities among states in a region. Key problems in the region discussed include infrastructure, neglected attitudes from government, communication, health, power, agriculture, employment, and more. The trends in primary, secondary and tertiary sectors of the economy are also examined.

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Parthgautam
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33 views2 pages

Introduction To Building Economics

The document discusses issues around development disparities among states in a region. Key problems in the region discussed include infrastructure, neglected attitudes from government, communication, health, power, agriculture, employment, and more. The trends in primary, secondary and tertiary sectors of the economy are also examined.

Uploaded by

Parthgautam
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Wide disparities are obtained in the level of development among different states.

Rich economic
resources of the region cannot be exploited due to lack of proper infrastructure. It would not be
wrong to say that the region’s mass agitations and other forms of arm conflicts are the result long
neglected attitude towards the region by India government.

Communication and transport, health and sanitation, power production and supply, agricultural
modernization, flood control, erosion and land slide, technical education, employment
generation, industrialization, social unity, terrorism are problems of this region which are to be
realized by both of governments to solve population and workers problems.

The trends primary sector or more specifically agriculture has fallen to nearly a quarter of the

Net State Domestic Product yet the  workforce  engaged  in  this  sector  has  stagnated  at  about 
75  per cent in this area. On the other hand, there has been an increase in the workforce engaged
in this sector in the urban areas.

The  secondary  sector  shows  a marginal  rise  in  its  contribution  to  NSDP.  But  in  terms of 
workforce  employed  there  is  hardly  any  significant  change  both  in  rural  and  urban 
areas. Moreover,  whatever  improvement  that  occurred  in  terms  of  contribution  of  this 
sector  has come  from  construction.  Manufacturing  has  shown  a  declining  trend  both  in 
terms  of  state income  and  employment.

The  contribution  of  the  tertiary  sector  has  grown  by  more  than  7  percentage  points but 
it  has  failed  to  create  additional  employment  opportunities. Among  the  youth,  the  rate  of 
rural unemployment  is  higher  among  males  other  than  in  Assam  and  Tripura  while  for 
youth  females  outnumber  males  except 
youth, female unemployment is substantially higher in urban areas.

Introduction to Building Economics

Building economics is concerned with production and consumption and services and the analysis
of commercial activities –

As it is related to architecture and building activity – all types of buildings for all types of
functions by the builders (production) and consumption i.e., the ones who either buy or hire
those buildings for various functions with the services offered by professionals like architects,
planners, engineers etc.

Ends – scarce means

The scarce means like land, building materials, and allied services result in failing to meet the
deman in housing sector.

Basic concept – any activity (legally permitted) which shall result in building activities to serve
people for which the people are ready to pay the price directly or indirectly by buying or hiring
the spaces can be treated as an economic activity.
Goods and services

Economic good is a physical object like natural or manmade (artificial) goods.

Natural goods

Sources like land, water, air, natural stones, sand basic raw materials to be converted to
manmade materials to be used for construction of buildings.

Manmade goods

Product like mosaic tiles, tiles of all stones, ceramic tiles, wall finishes,
doors/windows/woodwork, electrical materials, water supply and sanitary pipes and fittings etc,
harnessing solar power, A/C plants, heating, cooling etc.

Producers

Producers are individuals, builders, contractors in private sector or governments state or central.

Primary producers are those who produce raw materials like wood, stones, basic raw materials
for production of building materials.

Secondary producers are those who are engaged in production of materials like cement, procure
sand, metal, steel, aluminium, various other materials to be used in building construction.

Tertiary producers

Tertiary producers are those who carry out the following functions:

 Transportation
 Banking
 Architects and Engineers etc who offer services, insurance agencies for buildings,
educational institutions, who train professionals.

Consumers

In good old days, there was barter system with no profit motive. Present days, the medium of
exchange is money which is used in so many forms for buying and selling for all activities.

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