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The Construction Industry in the United Kingdom

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Urban Land Economics and Public Policy

Abstract

The construction industry covers a wide range of loosely integrated groups and sub-markets whose output varies but basically consists of the production, alteration or repair of durable buildings and capital goods involving the use of land combined with other scarce resources — a combination found in other industries, but construction has certain unique characteristics deriving largely from the physical nature of the construction product and its demand.

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References

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© 1988 Paul N. Balchin, Jeffrey L. Kieve and Gregory H. Bull

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Balchin, P.N., Kieve, J.L., Bull, G.H. (1988). The Construction Industry in the United Kingdom. In: Urban Land Economics and Public Policy. Macmillan Building and Surveying Series. Palgrave, London. https://doi.org/10.1007/978-1-349-19444-5_10

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