Explain the relationship between construction industry and national economy
The term construction is typically used to depict the activity of the creation of substantial infrastructure, superstructure and associated proficiency (Wells, 1984). As all type of activities associated with the erection and repair of immobile structures and facilities is also refer to construction (Nam & Tatum, 1988). The construction industry is the sector of an economy that constructs, alters, repairs and demolishes buildings, civil engineering works, and other similar structures. The national economy is the economy of a whole country. Usually, the national economy will be influenced by the gross domestic products, which the gross domestic product is the things that produced by all the citizens in a country. The relationship between the construction industry and the national economy is as long as the national economy is growing, it needs the construction industry to provide the products and activities to it. The growth of national that shows the direct relationship with the construction because it always related to each other. For example, the buildings, …show more content…
The construction industry has created plenty if job opportunities because the construction industry requires plenty of workers to involve with. This has created the skilled and unskilled workers. By having the job opportunities, the unemployment rate has been decreasing as everyone get the job and they have the purchasing power to purchase the things in order to stimulate the economic growth of a nation. The economy of a nation grow, that nation will only develop sustainably. For example, a construction project that needs a large number of workers to help with, then the job opportunities have been creating and directly brings the growth of nation
The term construction is typically used to depict the activity of the creation of substantial infrastructure, superstructure and associated proficiency (Wells, 1984). As all type of activities associated with the erection and repair of immobile structures and facilities is also refer to construction (Nam & Tatum, 1988). The construction industry is the sector of an economy that constructs, alters, repairs and demolishes buildings, civil engineering works, and other similar structures. The national economy is the economy of a whole country. Usually, the national economy will be influenced by the gross domestic products, which the gross domestic product is the things that produced by all the citizens in a country. The relationship between the construction industry and the national economy is as long as the national economy is growing, it needs the construction industry to provide the products and activities to it. The growth of national that shows the direct relationship with the construction because it always related to each other. For example, the buildings, …show more content…
The construction industry has created plenty if job opportunities because the construction industry requires plenty of workers to involve with. This has created the skilled and unskilled workers. By having the job opportunities, the unemployment rate has been decreasing as everyone get the job and they have the purchasing power to purchase the things in order to stimulate the economic growth of a nation. The economy of a nation grow, that nation will only develop sustainably. For example, a construction project that needs a large number of workers to help with, then the job opportunities have been creating and directly brings the growth of nation