Homework Answers
8
Comparative advantage is a term which states economy's ability to produce goods and services at a price lesser than the competitors. To provide such schemes and offers which overshadows the offer of competitors and thus increase the performance.
9
Bank is over cautious when it comes to real estate, bank lends to those real estate which are considered safe and secured and accordingly banks interest rate varies.
10
The real estate market cycle consist of 4 stages
Expansion
Maturity
Growth
Decline
- Expansion is entering in yhe market through advertisments offers and growing accordingly
-maturity stage is where the real estate has achieved a expected targets and will focus on maintaining the same
-growth is after achieving maturity the real estate focuses on growing and expanding its project to increase the sale
Decline is where the closure or the recovery period wherin the real estate has achieved the set targets and it is the time to convert the same
.
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