APPLIED ECONOMICS

3. this is market Structure
9. it would be economical to buy property and put it up for lease or rent
11. possesses the features of both monopoly and perfect competition
13. also known as competitive market
14. commonly known as the fixed interest rate
16. is the general rise in prices that decrease money's purchasing power
17. in cities with weak economies
18. are involuntary charges imposed on individuals or companies and imposed by a government
19. is the minimum amount of comprehension an employer is required to pay
20. renting a property might be less constantly than purchasing a property
24. high prices of construction materials and services
28. firms have buyers and sellers who are all price takers
29. is the percentage change in quantity Supplied
30. high demand for houses in growing cities
31. properties for lease or rent will not be unoccupied for long
32. that have inelastic demand are less sensitive to price change

1. a government run social institution that caters to private, professional,and informal sectors
2. growing economies will cause an influx of skilled workers
4. is the rate at which the prices of goods and services rise
5. is essential if you want to attract a good number of tents
6. also know as the own price elasticity of demand
7. accomodations in the Philippines are comparatively cheaper for foreign nations
8. refers to an increase in an objects value over time
10. is an ongoing trend of renting out properties regardless of size and use
12. considered in deciding to proceed with a rental
13. buyers and sellers must accept market prices
15. producing similar or differented products
21. is the difference between the net return of a producing factor
22. the input needed to create them
23. is critical for business it creates a target market for people who are willing to rent
25. is characterized by having a few firms selling
26. goods that have elastic demand are sensitive to price change
27. is an asset or commodity purchased to produce sales or appreciation