The demand and supply gap for property is rising in the UK. The accidental landlords, the ones who have rented out their property by chance have decreased after the recent financial crises in the UK. This was the supply side picture of the housing sector, showing the decrease in supply. However, this is not the only reason for the demand and supply gap, an increased demand is also the factor contributing to the gap. The demand has increased because originally people buying houses are being rejected for mortgages due to the financial crises, thus increasing the number of tenants and adding to the supply and demand gap. Thus as the number of first time buyers decreased the rents and the power of landlords increased. This is also increasing private rentals and giving way to the landlord scams in which the more and more tenants are getting trapped. This article is a good example of the supply and demand concept that we have studied in the class. The theory of demand and supply deals with the forces of resource allocation. Demand means quantity required by the buyers and supply is the quantity provided by the sellers. When the law of demand says that demand is inversely proportional to price, the greater the price lesser the demand. The law of supply states that the greater the price the greater will be the supply.
Article “Rents rise as supply and demand favors landlords” Analysis & Discussion By 13 May 2011 13 May 2011 Article Analysis The article “Rents rise as supply and demand favors landlords” talks about the supply and demand of money in the housing sector of the United Kingdom…
This article is an eye opener into the world of oil prices, demand and supply and how spending on one commodity can affect demand for other goods and services. Economics has been defined as the art and science of choosing between infinite wants and the finite means at one’s disposal to satisfy them.
But why in our ever changing world, the government has to withdraw its support for higher education and tuition fees in universities have to be increased? The knowledge and skills acquired from basic education is as essential as food and clothing for a simple man wanting to survive his daily life.
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a proper planning and experts from different social dynamics are made parts of the team then apart from failing to reach the desired level of expertise output it would also impact the entire organizational performance scenario in a negative way. However, a proper organizational
The article uses the principle of supply and demand for the explanation of the rise in the rents. The demand and supply gap for property is rising in the UK. The accidental landlords, the ones who have
However, following the increasing income inequality amongst the Americans, some economists doubt this belief. Inequality may increase the levels of poverty in a country, if low-income citizens face low productivity, as well
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